Tag: Nigerian Exchange

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MTN Nigeria hits $12.1 billion, tops BUA Foods as Nigeria’s most valuable listed company

There is a quiet shift taking place on the Nigerian Exchange, one that says as much about investor conviction as it does about the changing weight of sectors in Africa’s largest economy. MTN Nigeria Communications Plc has moved ahead of BUA Foods Plc to become the most valuable publicly listed company in Nigeria, after a sustained rally that has lifted…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
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Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net worth of $11 billion. The surge, driven by a single-day gain of $560 million, comes barely three weeks after he surpassed the $10 billion mark. According to Forbes, Rabiu is now the world’s 278th richest individual, surpassing South African billionaire…

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s DEAP Capital shines as Africa’s best-performing stock in January

DEAP Capital’s shares jumped nearly 400% in January, lifting its market value to $10 million and making it Africa’s best-performing stock.

Omokolade Ajayi Omokolade Ajayi
BUA Foods Ltd
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Nigeria’s most valuable company, BUA Foods, now commands 12% of stock market value

BUA Foods, Nigeria’s most valuable company, now accounts for 12 percent of the stock market.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement
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Dangote Cement falls to third place on Nigerian Exchange, losing nearly $1 billion in 48 hours

The reversal not only cost Dangote Cement its top position but relegated it to third place on the NGX, trailing behind Airtel Africa Plc and BUA Foods.

Omokolade Ajayi Omokolade Ajayi
Dangote Cement maintains top status on the Nigerian Exchange with $5.26 billion market cap
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Dangote Cement maintains top status on the Nigerian Exchange with $5.26 billion market cap

Dangote Cement tops Nigerian Exchange, valued at $5.26 billion, with 69% revenue growth and solid pan-African expansion.

Feyisayo Ajayi Feyisayo Ajayi
Top ten most valuable company on Nigerian exchange in 2024
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Top ten most valuable company on Nigerian exchange in 2024

Nigeria's top 10 most valuable companies reveal strong domestic investor participation, led by Dangote Cement and Airtel Africa.

Feyisayo Ajayi Feyisayo Ajayi