{
  "id": 11800162,
  "title": "Airtel Africa, Dangote Cement, MTN, Eight Others Account for N122.56tn NGX Market Capitalisation",
  "url": "https://urgent.news/2026/10/03/airtel-africa-dangote-cement-mtn-eight-others-account-for-n122-56tn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T23:58:29.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/04/airtel-africa-dangote-cement-mtn-eight-others-account-for-n122-56tn-ngx-market-capitalisation/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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",
  "key_points": [
    "Airtel Africa, Dangote Cement, and MTN account for 75.14% of NGX market cap",
    "Combined valuation of these 11 companies surged 84.7% from Dec 2025 to Sep 2026",
    "Seplat Energy, Aradel Holdings, and Dangote Cement join top 50 stocks on Exchange"
  ],
  "editors_take": "The dominance of these 11 companies, including Airtel Africa and Dangote Cement, in driving market growth underscores their significant influence on the Nigerian Exchange Limited's overall performance and valuation.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}