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60 MOST CAPITALIZED COMPANIES IN NIGERIA

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


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Issue an executive order to decongest the ports, Reps tell Buhari

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House of Reps

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.

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BREAKING: Supreme Court Rejects Shell’s Request To Vacate ₦17bn Judgement on Oil Spill

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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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