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The banks and telecoms companies are the largest by revenue among NGX 30 firms (the list of the most capitalised and liquid companies in Nigeria), according to data gathered by MoneyCentral.
In the first nine months through September 2025, Airtel Africa Plc, Access Holdings Plc, MTN Nigeria Plc, Ecobank Transnational Incorporation Plc, and Zenith Bank Plc, generated revenues of N4.17 trillion, (N3.90 trillion), N3.73 trillion, and (N3.371 trillion).
The total revenue of the companies in the NGX 30 Index rose by 30.95 percent year on year (yoy) in the first nine months of 2025 to N41.41 trillion, ahead of average inflation 0f 18.02 percent for the same period.
We highlight that the largest expansion in sales were recorded by Seplat Energy, (+213.40%); Presco, (+113.51 percent); Okomu Oil, (+67.135); Lafarge Africa (62.77 percent); Transcorp Hotels, (+49.14 percent); United Capital, (+47.49 percent); BUA Cement, (+47.41 percent); Nigerian Breweries, (+47.20 percent); Nascon Allied Industries, (+46.88 percent), and International Breweries, (+37.60 percent).
Banks’’ revenue got a boost from interest income on loans and advances on the back increase in income from investment securities (juicy yields) and a still benign high interest rate environment.
The consumer goods firms are still benefiting from an inflationary environment that forces them to pass on rising input costs to the consumers in the form of higher prices.
Even the oil palm producers were not left out in the hiking spree as rising price of global crude palm oil (CPO) means there has to be an increase in price.
Of course, Presco is expanding its operations as the acquisition of Ghana Oil Palm Development Company (GOPDC) in Ghana and proposed acquisition of Saro Oil Palm (SOP) Limited in Nigeria are expected to lift sales.
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