The NGX Consumer Goods sector is home to some of the market’s biggest players, which are large-cap companies whose price swings can set the tone for the broader index.
Tracked by the NGX Consumer Goods Index, the sector commands a market capitalization of over N18 trillion, often neck and neck with the Industrial Goods sector for the top spot.
One of the defining features of this sector is the sheer size of its companies’ balance sheets, particularly their total assets.
Large total assets do not just signal capacity for higher revenue generation; they also serve as strong collateral for financing, inspire investor confidence, and provide resilience against economic shocks.
In this report, we spotlight the top 10 consumer goods companies ranked by their latest total assets, a metric that reflects their scale and dominance in the market.
Collectively, these top 10 companies hold total assets worth N5.9 trillion, up 5.89% from their previous cumulative figure of N5.6 trillion, reflecting steady growth.
That being said, here’s the list of the sector’s asset heavyweights.
Honeywell Flour Mills Plc holds the 7th position with total assets of N180.6 billion as at June 2025, up 7.9% from N167.4 billion recorded in March 2025.
Its market capitalization stands at N203.9 billion (1.1% of the sector).
For the quarter ended June 2025, pretax profit soared to N3.3 billion, up 96.9% from N1.7 billion in Q2 2024. Quarterly revenue came in at N67.4 billion, down from N80.5 billion last year.
