Nairametrics on Friday unveiled the much-anticipated NMX-100, a data-driven rating of Nigerian firms producing a minimum of N100 billion in annual income based mostly on their newest audited {financial} statements.
In accordance with the Index, which at present tracks over 60 firms spanning 15 key sectors, the NMX-100 firms raked in over N90 trillion in mixed income, and whole earnings topped N9 trillion.
The Index reveals that oil and fuel firms dominated the checklist of the biggest firms by income, adopted by firms within the {financial} sector.
As Nigeria’s first verifiable, data-driven evaluation of company measurement, the Index revealed a long-standing distortion within the nation’s enterprise panorama: a lot of Nigeria’s largest revenue-generating companies function far past the visibility of the capital market, exhibiting an financial system far larger than what the inventory alternate displays.
The NMX-100 checklist captures the dimensions and substance of Nigeria’s enterprise panorama, spotlighting companies that not solely generate spectacular earnings but additionally keep headquarters and substantial operations throughout the nation.
Primarily based on the NMX-100 information, listed here are the highest 10 largest firms in Nigeria by income.
