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Airtel Africa, BUA Foods, 11 others top trillion-naira club


Published on 2025-01-18 18:20:58 - businessday
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  • Airtel Africa, BUA Foods, and 11 others have officially joined the elite trillionaire club as of the beginning of 2025, analysis

The article from BusinessDay discusses the significant growth in market capitalization of several Nigerian companies, highlighting that Airtel Africa and BUA Foods, along with 11 other companies, have now joined the trillion-naira club. This surge reflects a robust performance in the Nigerian stock market, with companies like MTN Nigeria, Dangote Cement, and others also reaching or surpassing the trillion-naira valuation. The article notes that this achievement is part of a broader trend where the Nigerian Exchange Limited (NGX) has seen its market capitalization increase by over N10 trillion in the past year, driven by both local and foreign investor interest. The growth is attributed to various factors including strong corporate earnings, strategic business expansions, and favorable market conditions. However, the article also hints at the challenges these companies face, such as economic fluctuations and regulatory changes, which could impact their future market performance.

Read the Full businessday Article at:
[ https://businessday.ng/market-intelligence/article/airtel-africa-bua-foods-11-others-top-trillion-naira-club/ ]
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