The Industrial Goods sector, as tracked by the NGX Industrial Index, represents a vital segment of the Nigerian stock market, with a market capitalization of N16.2 trillion.
As of the trading week ended 19th September 2025, it ranked second only to the Consumer Goods sector, which leads with N19.8 trillion, pushing the Banking index to third place at N14.7 trillion.
Relative to the Nigerian All-Share Index, currently valued at N89.74 trillion, the Industrial Goods sector accounts for 18.13% of total market capitalization.
The sector consists of companies whose outstanding shares, when multiplied by their market prices, create a combined value that influences both the Industrial Index and the broader All-Share Index.
Their market capitalization, or size, is therefore determined by the number of shares listed and how well those shares perform in terms of price movement.
This work ranks the top 10 stocks under the NGX Industrial Index based on their size, or market capitalization.
Here they are:
Lafarge Africa Plc, a major player in the Nigerian cement industry, ranks 3rd with a market capitalization of N2.01 trillion. This gives it 12.38% of the Industrial Index and 2.24% of the All-Share Index.
The company has 16,107,795,721 outstanding shares, and its stock has appreciated 78.7% in 2025, rising from N69.75 to N125.00.
Lafarge’s total assets reached N1.02 trillion as of June 30, 2025, with property, plant, and equipment valued at N422.2 billion and cash and cash equivalents of N210 billion.
For H1 2025, revenue hit N516.9 billion, while pretax profit surged to N199.7 billion, a dramatic improvement from N46.6 billion in the same period last year.
