20 companies listed on the Nigerian Exchange Group (NGX) now have a combined market capitalisations above $1 billion.
The rankings are based on the official exchange rate of N1,362.20/$1 and closing share prices on Monday, July 28, 2026.
Telecoms, banking, cement, consumer goods, energy and hospitality firms all feature in the billion-dollar club.
MTN Nigeria tops the list as the most valuable company on the exchange.Top five billion-dollar companies.
Top five billion-dollar companies
MTN Nigeria leads with a market capitalisation of N17.85 trillion, equivalent to about $13.10 billion.
Its shares closed at N858 on July 28.
Dangote Cement follows at $12.59 billion (N17.15 trillion), with shares closing at N1,034.
BUA Foods ranks third at $11.17 billion (N15.21 trillion), and BUA Cement is fourth at $8.05 billion (N10.97 trillion).
Aradel Holdings completes the top five at $4.87 billion (N6.63 trillion), making it the largest energy company on the list.
Banks, hospitality and power
Among banks, Zenith Bank is valued at $3.82 billion, GTCO at $3.54 billion, and Stanbic IBTC Holdings at $1.90 billion. UBA and Access Holdings also feature at $1.49 billion and $1.15 billion respectively. Ecobank Transnational Inc. is valued at $1.54 billion.
Transcorp Hotels is the highest-valued hospitality firm at $1.82 billion, with shares closing at N241.90.
In the power sector, Transcorp Power is valued at $1.34 billion and Geregu Power at $1.51 billion.
Consumer goods and others
Consumer goods companies feature strongly. Nigerian Breweries is valued at $1.78 billion, International Breweries at $1.70 billion, and Nestlé Nigeria at $1.64 billion.
Palm oil producer Presco rounds out the consumer segment at $1.77 billion, with shares closing at N2,070.
Other companies in the club include First HoldCo ($4.02 billion), HBM Nigeria ($4.13 billion), and BUA Foods ($11.17 billion).
Credit: Aboki Forex
