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.
Nestlé Nigeria Plc comes in 4th with total assets of N899.7 billion in June 2025, up 4.78% from N858.6 billion last year.
The FMCG giant’s market capitalization is N1.6 trillion (8.5% of the sector).
It returned to profitability in Q2 2025 with a pretax profit of N37.2 billion, compared to a N56.4 billion loss in the same quarter last year. Hence, half-year profit stood at N88.3 billion, versus a N252.5 billion loss in 2024.
Revenue for the half year grew to N581.1 billion from N406.9 billion, fueled by strong domestic sales.
