Clement Ejiofor,
Today when we speak about ratings of Nigerian companies the first criterion to figure out top of them is the value of the company’s stocks on the Stock Exchange. And here are the 5 most valuable companies in Nigeria according to their market values…
5. Zenith Bank– Value: 786.5 billion NGN
Zenith Bank is a Nigerian bank with headquarters in Victoria Island, Lagos. Zenith Bank is one of the leading financial institutions in Africa.
In addition to Nigeria, the bank has branches in the Gambia, Ghana, Sierra Leone, South Africa, and the United Kingdom.
It became a public limited company in July 2004 and had an initial public offering on the Nigerian Stock Exchange (NSE) on October 21 of that year. Also in 2004, credit rating agency Fitch Ratings identified its credit as AA- on their long-term scale.
The bank has thrived over the years on its cultures of strong values, brand equity, professionalism and service excellence which have distinguished the bank among its peers.
4. Guaranty Trust Bank – Value: 852 billion NGN
Guaranty Trust Bank was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and commenced operations in February 1991.
GT Bank is no doubt one of the financial institutions in Nigeria with the highest customer base. GTB Plc has 201 branches in Nigeria.
GTBank has expanded to Cote d’Ivorie, Gambia, Ghana, Liberia and Sierra Leone. These countries belong to the “Eco zone”. It has also expanded to the United Kingdom.
GTB has over 10,000 people in its workforce in Nigeria and other African countries.
3. Nestle – Value: 911.6 billion NGN
Nestle is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. It is the largest food company in the world measured by revenues.
Nestlé’s products include baby food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. Twenty-nine of Nestlé’s brands have annual sales of over CHF1 billion (about US $ 1.1 billion), including Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer’s, Vittel, and Maggi.
Nestlé has 447 factories, operates in 194 countries, and employs around 333,000 people. It is one of the main shareholders of L’Oreal, the world’s largest cosmetics company.
Nestle has two main factories in Nigeria and six others in other West African countries. Beyond West Africa, Nestle is also found in several parts of the world.
2. Nigerian Breweries– Value: 1,300.7 billion NGN
Nigerian Breweries Plc, incorporated in 1946, is the pioneer and largest brewing company in Nigeria. Its first bottle of beer, STAR Lager, rolled off the bottling lines of its Lagos brewery in June 1949.
Other breweries were subsequently commissioned by the company, including Aba Brewery in 1957, Kaduna Brewery in 1963, and Ibadan Brewery in 1982. In September 1993, the company acquired its fifth brewery in Enugu state, and in October 2003, its sixth brewery, sited at Ameke in Enugu. Ama Brewery is the largest brewery in Nigeria and one of the most modern worldwide. Operations at Enugu brewery were discontinued in 2004, while the company acquired a malting Plant in Aba in 2008.
In October 2011, Nigerian Breweries acquired majority equity interests in Sona Systems Associates Business Management Limited, (Sona Systems) and Life Breweries Limited from Heineken NV This followed Heineken’s acquisition of controlling interests in five breweries in Nigeria from Sona Group in January 2011.
1. Dangote Cement –Value: 4,089.7 billion NGN
Dangote Cement Plc is a publicly traded cement manufacturer headquartered in Lagos, Nigeria.
Dangote Cement engages in the preparation, manufacture, control, research and distribution of cement and related products. It has operations in Nigeria, Benin, Ghana, Senegal, South Africa and Zambia. A subsidiary of the Dangote Group, it is the largest company traded on the Nigerian Stock Exchange. Dangote cement is said to be the only Nigerian company on the Forbes Global 2000 companies. Dangote Cement is owned by Dangote Group.
Source: NAIJ.COM
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