Dangote, Rabiu Companies Dominate List of Most Valuable Manufacturing Companies in Nigeria Worth Over N200bn

Dangote, Rabiu Companies Dominate List of Most Valuable Manufacturing Companies in Nigeria Worth Over N200bn

  • The list of Nigerian most valuable Manufacturing companies for the first month of 2022 has been revealed
  • The companies owned by Nigeria's richest men Dangote, and Rabiu dominate the list with BUA replacing Nestle
  • Nigerian consumer goods sector is one of the most actively traded on the Nigerian Exchange and activity in the segment affects the market

Dangote cement and BUA cement, owned by Nigeria's richest individuals Aliko Dangote and Abdulsamad Rabiu, have been recognized as the country's two most valuable listed manufacturing companies.

BUA foods another company owned byAbdulsamad sat in the third position while Nestle Nigeria completed the list of top four valuable manufacturing companies.

The ranking of the banks is according to data from Nigerian Exchange Group (NGX) and analysed by Nairametrics.

Dangote, Rabiu companies dominate the list of most valuable manufacturing companies in Nigeria
The value of Dangote, and BUA companies continue to soar on the Nigerian stock exchange. Credit: NGX
Source: Getty Images

How the companies fared

From the analysis the BUA companies were the biggest gainers in terms of value in the month of January.

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BUA Foods increased in value to N439.2 billion in the month, followed by BUA Cement, which gained N125.3 billion.

Dangote Cement also gained N61.3 billion after the share price of the company appreciated by 1.4% in January.

Lafarge Africa, another cement giant in the country recorded an appreciation of N26.6 billion in its market valuation, Guinness Nigeria gained N20.9 billion, while International Breweries appreciated by N20.1 billion in January.

The full ranking of the top anufacturing companies in Nigeria

  • Dangote Cement- N4.4trn
  • BUA cement- N2.39trn
  • BUA foods- N1.15trn
  • Nestle foods- N1.13trn
  • Lafarge- N412bn
  • Nigerian breweries- N391bn
  • Dangote Sugari- N213bn

Dangote Cement lead list of the 10 biggest companies

Legit.ng had earlier reported that Dangote Cement and MTN Nigeria are the two biggest publicly listed companies in Nigeria as of October 2021.

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Aliko Dangote jumps six places in billionaires rich list, after making N217.5bn in 8 hours

The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation.

Using data from Nigeria Exchange the report showed how much each of the top firms are worth and their share price for anyone looking to invest.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.

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