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Nairametrics
Home Sectors Health

Largest health companies in Nigeria by market capitalization in 2025

Izuchukwu Okoye by Izuchukwu Okoye
February 16, 2026
in Health, Metrics, Rankings, Sectors
Nigeria’s largest hospitals and the private investors who own them
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Healthcare companies listed on the Nigerian Exchange closed the last trading day of 2025 with a cumulative market capitalization of N466.73 billion.

This is an impressive 220.9% increase from their combined N145.4 billion in 2024, showing strong growth in value on the exchange.

Collectively, these companies accounted for 0.47% of the total Nigerian Exchange market, which, as tracked by the All-Share Index, was valued at N99.38 trillion.

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The surge in value was fueled by the exceptional performance of these companies, and in 2025, four pharmaceutical firms delivered returns exceeding 100%, closing the year firmly in the green.

One major reason for this strong performance seems to be higher sales of pharmaceutical products, which helped companies that reported nine-month or full-year results post healthier profits in 2025.

Below are the largest health companies on the NGX, covering pharmaceuticals and healthcare services, based on their market capitalization on the last trading day of 2025.

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9. Pharma-Deko (N396.7 million) 

  • 9. Pharma-Deko (N396.7 million) 
  • 8. Juli (N1.61 billion)
  • 7. Ekocorp (N2.89 billion) 
  • 6. Morison Industries (N5.09 billion) 
  • 5. Industrial & Medical Gases (N23.39 billion) 
  • 4. Neimeth International Pharmaceuticals (N24.7 billion) 
  • 3. May & Baker Nigeria (N32.7 billion) 
  • 2. Fidson Healthcare Plc (N114.9 billion) 
  • 1. Mecure Industries Plc (N260.8 billion) 

Pharma-Deko Plc ranks ninth with a market capitalization of N396.7 million as of the last trading day of 2025.

Compared to 2024, when its market cap was also N396.7 million, this shows no growth, reflecting the stalled price movement throughout 2025.

  • The company’s shares have not traded since July 2023, following a suspension due to its failure to file financial statements for the year ended 31 December 2022.

Since then, its shares have remained frozen at N1.83 per share, which, when multiplied by the 216.8 million shares outstanding, results in the current market capitalization of N396.7 million.

Jump to section

9. Pharma-Deko (N396.7 million) 

  • 9. Pharma-Deko (N396.7 million) 
  • 8. Juli (N1.61 billion)
  • 7. Ekocorp (N2.89 billion) 
  • 6. Morison Industries (N5.09 billion) 
  • 5. Industrial & Medical Gases (N23.39 billion) 
  • 4. Neimeth International Pharmaceuticals (N24.7 billion) 
  • 3. May & Baker Nigeria (N32.7 billion) 
  • 2. Fidson Healthcare Plc (N114.9 billion) 
  • 1. Mecure Industries Plc (N260.8 billion) 
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Izuchukwu Okoye

Izuchukwu Okoye

Okoye Izuchukwu is a financial market writer and trader with extensive expertise in both Nigerian and international markets. With a keen eye for market trends and a passion for insightful analysis, he translates complex financial concepts into engaging content. By combining practical trading experience with thorough research, Okoye offers valuable perspectives that empower readers to make informed decisions in the ever-evolving world of finance.

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