Twenty-four companies listed on the Nigerian Exchange Group (NGX) have reached a market capitalisation of ₦1 trillion or more, forming an elite group of high-value corporations on the exchange.
The development highlights the corporate scale of the largest players in the Nigerian capital market, although these firms represent a small fraction of the total listings.
The NGX currently hosts more than 150 listed companies across various sectors. However, only the 24 firms in this group have crossed the ₦1 trillion valuation threshold.
This concentration of value among a minority of companies underscores the size disparities within the Nigerian stock market, where a small number of entities hold a dominant share of the overall market capitalisation.
Further details regarding the specific companies and the factors driving these valuations are available via BusinessDay.
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