Dangote Cement Plc and four other companies accounted for about 69.59 per cent of the market capitalisation of equities on the Nigerian Exchange Limited as of the end of April.
An analysis of data obtained from the NGX showed that the five biggest listed companies boosted their combined market capitalisation by N520bn in April to N14.51tn. Dangote Cement, the country’s biggest listed company, saw its market cap grow to N3.69tn at the end of last month from N3.66tn in March. BUA Cement’s market cap rose to N2.64tn in April from N2.49tn in March while Nestle Nigeria grew its market value to N1.13tn from N1.09tn.
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In a country of over 200M ppl, this is very poor. Just 5 companies 😢😢 N200 Cbn governor