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:
Oando Plc holds the 4th position with N227.7 billion in cash and cash equivalents, slightly above the N221.7 billion recorded in December 2024.
Current assets totaled N998.5 billion, current liabilities stood at N4.1 trillion, and inventories at N49.9 billion, producing a quick ratio of 0.23.
Oando’s net cash flow from operating activities for the period was a negative N357.4 billion, slightly higher than the negative N329.5 billion recorded previously.
What of NNPCL?