Here is a list of sixty most capitalized companies with the Nigerian Stock Exchange for the year 2019:
1. Dangote Cement: N2.42trn
2. MTN Nigeria Comms: N2.14trn
3. Nestle Nigeria Plc.: N1.17trn
4. Airtel Africa Plc: N1.12trn
5. Guaranty Trust Bank: N874.11bn
6. Zenith Bank: N583.97bn
7. Nigerian Breweries: N471.82bn
8. StanbicIBTC Holdings Plc: N430.7bn
9. Seplat Petrol Devt Comp.: N387.08bn
10. Access Bank: N355.45bn
11. Lafarge Africa: N246.45bn
.12. United Bank For Africa: N244.53bn
13. Cement Co. of North Nig: N237.9bn
14. FBN Holdings Plc: N220.76bn
15. Union Bank Nig: N174.72bn
16. Dangote Flour Mills Plc: N163.2bn
17. Unilever Nigeria: N126.39bn
18. Ecobank Transnl Inc: N119.27bn
19. Notore Chemical Ind: N100.75bn
20. It’l Breweries: N81.66bn
21. Flour Mills Nig: N80.78bn
22. Guinness Nig: N65.82bn
23. Fidelity Bank: N59.4bn
24. Sterling Bank: N57.29bn
25. 11 (Mobile) Plc: N53.33bn
26. Okomu Oil Palm: N53.04bn
27. Oando: N49.6bn
28. Presco: N47.5bn
29. Transnl Corp of Nig: N40.24bn
30. Total Nigeria: N37.65bn
31. Transcorp Hotels Plc: N37.24bn
32. FCMB Group: N36.64bn
33. Custodian Investment: N35.29bn
34. Nascon Allied Industries: N34.31bn
35. Wema Bank: N28.55bn
36. Beta Glass: N26.9bn
37. Julius Berger Nig: N26.27bn
38. U A C N: N24.78bn
39. Forte Oil: N23.57bn
40. Continental Re: N22.82b
41. P Z Cussons Nigeria: N22.43bn
42. Axamansard Insurance: N20.79bn
43. Cadbury Nigeria: N19.82bn
44. Jaiz Bank: N18.27bn
45. CAP Plc: N16.8bn
46. Medview Airline: N15.8bn
47. United Capital: N14.4bn
48. Conoil: N12.84bn
49. NEM Insurance: N12.78bn
50. UPDC Real Estate Inv. Trust: N11.34bn
51. 113 E-tranzact Int’l: N10.96bn
52. Union Homes Real Estate Invt Trust (REIT): N10.18bn
53. Caverton Offshore Support Group: N8.95bn
54. Ellah Lakes: N8.5bn
55. Africa Prudential: N8bn
56. Tourist Company of Nig: N7.86bn
57. Honeywell Flour Mill: N7.85bn
58. Unity Bank: N7.48bn
59. Champion Breweries: N7.44bn
60. ASO Savings & Loans: N7.37bn
compiled by : StatiSense
Issue an executive order to decongest the ports, Reps tell Buhari
The technical committee on customs and excise at the House of Representatives has asked President Muhammadu Buhari to issue an executive order to decongest the nation’s ports.
The committee made the recommendation to the federal government during a four-day oversight visit to the customs formations in Lagos which ended on Friday.
The order, the committee said, should direct the use of part of the revenue generated by the Nigeria Customs Service to carry out repairs on the access roads leading to the ports.
According to the committee, the nation is losing five times the amount of money that would have been generated from the ports due to bad roads and port congestion.
The committee also wants the President to immediately disband the Presidential Task Force on the decongestion of traffic at the Apapa Port.
The task force, the committee believes, has outlived its usefulness since it was inaugurated about two years ago.
BREAKING: Supreme Court Rejects Shell’s Request To Vacate ₦17bn Judgement on Oil Spill
The Supreme Court has dismissed an application filed by Shell Petroleum Development Company of Nigeria Limited seeking to set aside a January 11, 2019 judgement of the court upholding damages to the tune of N17bilion awarded against the oil company.
The apex court had on January 11, 2019 upheld an earlier judgment by the Court of Appeal, affirming a June 14, 2010 judgement of the Federal High Court which awarded the damages against Shell over an oil spill at Ejam-Ebulu in Tai Eleme Local Government Area of River State in 1970.
Dismissing the application on Friday, Justice Samuel Osuji who read the lead ruling of the Supreme Court’s panel prepared by Justice Centus Nweze, held that the application by Shell, asking it to revisit its earlier judgment, was unmeritorious.
Although the lawyer to Shell declined speaking to Journalists, lawyer to Ejam-Ebulu community, Mr Lucius Nwosu while applauding the verdict of the court said the judgment sum, with interest, now stands in the region of N160billion.
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