The top 10 Nigerian companies with the largest cash holdings ended the first half of 2025 with a combined total of N2.31 trillion in the bank.
This represents a 30.9% increase from the N1.7 trillion collectively reported by the same set of companies a year earlier.
Cash in the bank refers to funds a company can access immediately, whether held in bank accounts or short-term deposits.
It serves as a clear indicator of a company’s capacity to quickly meet its obligations, invest in growth opportunities, or withstand unexpected shocks.
In corporate reporting, this is reflected under ‘cash and cash equivalents’ on the balance sheet, covering not only actual cash but also near-cash investments that can be converted into liquid funds within a few months.
For this report, we highlight the 10 Nigerian companies with the highest cash and cash equivalent positions in H1 2025.
Here they are:
Lafarge Africa secured 5th place with N210.01 billion in cash and cash equivalents in H1 2025, down from N237.8 billion at year-end 2024.
Current assets stood at N407.7 billion, current liabilities at N393.9 billion, and inventories at N115.7 billion, giving a quick ratio of 0.74.
The cement producer posted a strong half-year, with operating profit jumping to N192.2 billion and pretax profit surging to N199.7 billion up 328.3%.
For the H1 period, net cash flow from operating activities reached N82.5 billion, up from N18.7 billion in the previous year.
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