Top Five Largest Stocks on the Nigerian Exchange (NGX) by Market Capitalization in 2025

As of July 2025, the Nigerian Exchange (NGX) is dominated by five major companies that stand out due to their substantial market capitalizations. Leading the pack is MTN Nigeria, with a market value of approximately N9.91 trillion ($6.39 billion), reflecting strong investor confidence and significant gains in share price this year. Following closely is Airtel Africa, a telecommunications giant with a widespread pan-African presence and solid financial performance, ensuring its place among the top stocks.

Dangote Cement, Nigeria’s largest cement producer, remains a key player, benefiting from robust revenues and extensive operations across Africa. BUA Cement comes next with a market capitalization around N4.57 trillion ($2.95 billion), holding a significant position in the building materials sector. Finally, BUA Foods has rapidly grown due to Nigeria’s expanding consumer market, securing its role as one of the top five largest listed companies.

Together, these companies exemplify the strength and diversity of Nigeria’s capital markets, representing leading sectors such as telecommunications, industrial manufacturing, and consumer goods. Their performance plays a crucial role in shaping the investment landscape and economic development within Nigeria and beyond.