11 Blue-chip Firms Account for 75.14% of N163.10tn Stock Market Capitalisation
Kayode Tokede As the Nigerian equities market continues to hit record high, blue-chip stocks have continued to dominate in terms of market value with just 11 firms accounting for N122.56
As of September 30, 2026, 11 blue-chip firms accounted for 75.14% of the N163.10tn stock market capitalisation on the Nigerian Exchange Limited (NGX). These companies, spanning various sectors such as cement manufacturing, oil and gas, information technology, banking, and agro-allied, collectively held N122.56tn, or 75.14% of the NGX's total market capitalisation.
Their market value increased significantly, rising by 84.7% between December 2025 and September 2026, reflecting sustained investor interest and improving macro-economic conditions. Among the dominant players, Airtel Africa Plc led with the highest market capitalisation, followed by Dangote Cement Plc and MTN Nigeria Communications Plc.
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