MTN Clings on, Dangote Closes In: These Are the Top 10 Stocks by Market Value

MTN Nigeria is the nation’s largest listed company though it may not last long as Dangote Cement is close behind on the top 10 list of stocks by market value, after rallying strongly following a stellar second quarter earnings.

MTN Nigeria now has a market capitalisation of N10.07 trillion ($6.49 billion) and is tops on the Nigeria Stock Exchange (NGX).

This is followed by Dangote Cement at N9.7 trillion ($6.25 billion). BUA Foods, which was ranked number one in June, has fallen to third place at N9.36 trillion ($6.03 billion).

Airtel Africa is at N8.431 trillion ($5.43 billion), while BUA Cement with a market cap of N5.77 trillion ($3.72 billion) makes up the top 5.

MoneyCentral had earlier identified 15 Nigerian listed companies on the Nigeria exchange (NGX) worth a billion dollars or more in market capitalization.

Stocks majority owned by Nigerian billionaires, Aliko Dangote (Dangote Group), AbdulSamad Rabiu (BUA Group) and Femi Otedola (Geregu Power), feature prominently on the list.

Top 10 Nigerian stocks by market value ranking (August 05, 2025)

1. MTN Nigeria market value N10.07 trillion
2. Dangote Cement market value N9.7 trillion
3. BUA Foods market value N9.36 trillion
4. Airtel Africa market value N8.43 trillion
5. BUA Cement market value N5.77 trillion
6. GTCO market value N3.6 trillion
7. Seplat Energy market value N3.27 trillion
8. Zenith Bank market value N3.11 trillion
9. Geregu Power market value N2.85 trillion
10. Lafarge Africa market value N2.36 trillion

Stocks close to the top 10

11. Nigerian Breweries market value N2.35 trillion
12. Aradel Holdings market value N2.25 trillion
13. Transcorp Power market value N2.16 trillion
14. United Bank for Africa (UBA) market value N2 trillion
15. Stanbic IBTC market value N1.6 trillion

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