Nigerian Companies with Highest Share Prices

Within the Nigerian stock market, there are certain companies that have gained notable recognition for achieving high share prices. This high share price is a reflection of their strong performance and investor confidence. 

Demonstrating robust financials and market leadership, these companies have been able to generate substantial returns for their shareholders. For those interested in beginning their investment journey knowing the companies with the highest share prices would be a good place to start. 

So join us as we unveil the companies whose share prices signal their potential for continued growth in Nigeria’s dynamic business landscape.  Let’s get in.

Nestle Nigeria

Listed on the Nigerian Stock Exchange from the 20th of April, 2023, Nestle Nigeria trades under the ticker symbol “NESTLE.” The Nigerian company which focuses on the manufacturing, marketing and distribution of food products is the sixth most valuable stock on the NGX with a market capitalization of NGN 991 billion. Its current share price as of the 31st of May, 2023 stands at 1,250.00 NGN per share.

Seplat Petroleum 

Seplat Petroleum Development Company trades on the Nigerian Stock Exchange (NGX)under the ticker symbol “SEPLAT.” It ranks as the 10th most valuable stock on the Exchange with a market capitalization of NGN 706 billion. Its current share price as of 31st of May, 2023 is 1,200.00 NGN per share. The Nigerian independent oil and gas company is also listed on the London Stock Exchange.

Airtel Africa

Airtel Africa Plc is a public limited company that became listed on the Nigerian Stock Exchange (NGX) on the 9th of July, 2019. It ranks as the third most valuable stock on the NGX with a market capitalization of NGN 4.42 trillion. It can be easily identified with its ticker symbol “AIRTELAFRI” on the Exchange. As of the 31st of May, 2023, Airtel Africa sold for 1,175.00 NGN per share.

Dangote Cement

Ranked as the second most valuable stock on the NGX with a market capitalization of NGN 4.94 trillion, Dangote Cement trades under the ticker symbol “DANGCEM.” Since it was listed on the NGX on the 26th of October, 2010, Dangote Cement has recorded tremendous performance that has massively increased the net worth of Africa’s richest person, Aliko Dangote. The share price of Dangote Cement as of 31st of May, 2023 stood at 290.00 NGN per share on the Nigerian Stock Exchange.

Total NG

With a current share price of 272.00 NGN per share as of the 31st of May, 2023, Total Nigeria ranks as the 28th most valuable stock on the NGX with a market capitalization of NGN 92.3 billion. It trades under the ticker symbol “TOTAL.”

MTN Nigeria 

Known as a subsidiary of the MTN Group – a telecommunications group operating in 22 countries across Africa and the Middle East, MTN Nigeria was listed on the NGX on the 16th of May, 2019. Trading under the ticker symbol “MTNN,” MTN Nigeria is currently the #1 most valuable stock on the NGX with a market capitalization of NGN 5.11 trillion. As of the 31st of May, 2023, its current share price was 251.00 NGN per share.

Okumu Oil Palm 

Okumu Oil Palm has been listed on the Nigerian Stock Exchange since the 9th of September, 1997. It trades under the ticker symbol “OKUMUOIL” and is currently the 20th most valuable stock on the NGX with a market capitalization of NGN 179 billion. The Nigerian company focuses on the development of oil and rubber Plantations, palm oil Milling, palm kernel processing and the sale of wet cup lumps. Okumu Oil Palm’s share price stood at 188.00 NGN per share on the 31st of May, 2023.