Airtel Africa, Dangote Cement, MTN, Eight Others Account for N122.56tn NGX Market Capitalisation
Kayode Tokede Amid growing investor confidence in the Nigerian economy, Airtel Africa Plc and 10 other blue-chip companies accounted for N122.56 trillion, or 75.14 per cent, of the Nigerian Exchange
As of September 30, 2026, Airtel Africa, Dangote Cement, MTN, and eight other prominent companies accounted for N122.56 trillion, or 75.14 percent, of the Nigerian Exchange Limited's N163.105 trillion market capitalization. These 11 companies, spanning sectors such as cement, oil and gas, information technology, banking, and agro-allied, showed robust performance across key indicators, demonstrating their crucial role in driving market growth.
The combined valuation of these companies surged by 84.7 percent during the period, from N66.37 trillion in December 2025 to N122.56 trillion by the end of September 2026. Airtel Africa remained the most capitalised stock on the NGX, followed by Dangote Cement and MTN Nigeria Communications. Seplat Energy, Aradel Holdings, and Dangote Cement also made the transition to being listed among the top 50 stocks on the Exchange.
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