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:
MTN Nigeria’s cash and cash equivalents stood at N257.5 billion in June 2025, just above the N253.3 billion reported at the end of last year.
The company’s current assets were N784.3 billion, current liabilities N2.1 trillion, and inventories N12.5 billion, resulting in a quick ratio of 0.36.
Profitability improved dramatically, with operating profit leaping to N892.8 billion and pretax profit swinging from a N751.2 billion loss to N622.2 billion in H1 2025.
The group generated a cash flow of N955.6 billion from operating activities for the period ended June 2025, up N533.2 billion from the previous period.
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