The Nigerian stock market continues to dazzle investors in 2025, sustaining its momentum as one of the world’s best-performing exchanges.
As of the close of trading last week, the All-Share Index (ASI) climbed to 134,452.93 basis points, delivering a 30.63% year-to-date gain nearly matching the impressive 37.65% full-year return in 2024.
Market capitalization now stands at N83.07 trillion, reflecting strong investor appetite despite lingering macroeconomic headwinds like inflation and currency swings.
So far in 2025, the Nigerian Exchange (NGX) has posted a 31.32% YtD return, consolidating the bullish trend that accelerated in early July.
The rally has been fueled by stellar earnings reports, particularly from the banking and consumer goods sectors, where listed firms have demonstrated resilience and stronger profitability in the face of earlier economic pressures. Investors are rewarding these fundamentals with renewed confidence, propelling several companies to valuations above the $1 billion mark.
With the index recently closing at 137,912.87 basis points, reflecting a 33.99% year-to-date gain and total market cap of N87.2 trillion, Nigerian equities are not just attracting local participation but also renewed foreign interest.
Against this backdrop of strong performance and resilient corporate earnings, we highlight the Nigerian listed companies now valued at over $1 billion as of July 2025.
- Market Capitalization: $5.56 billion
MTN Nigeria has been a star performer in 2025, with its market capitalization soaring to N8.62 trillion ( $5.56 billion), up 105.24% from N4.20 trillion ($2.71 billion) in December 2024. This remarkable surge positions MTN as one of the fastest-growing blue-chip stocks on the Nigerian Exchange this year.
The telecoms giant reported N1 trillion in revenue in the first quarter of 2025, driven by a tariff adjustment implemented in mid-February. This marks a 40.5% year-on-year increase from the N752.9 billion posted in Q1 2024. According to its unaudited Q1 2025 results, MTN returned to profitability, delivering N133.7 billion in profit after tax, recovering from a N392.7 billion loss in the same period last year.
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