The Nigerian Trade (NGX) noticed strong progress in 2025, with complete market capitalisation rising from N62.7 trillion on the finish of 2024 to N99.38 trillion by 31 December 2025.
As of 20 January 2026, the market has reached roughly N106 trillion, persevering with its upward trajectory and representing a substantial share of Nigeria’s nominal GDP of N113.59 trillion.
Many of the firms within the present prime 10 have been already a part of the listing on the finish of 2024, all drawn from a subset of large-cap shares above N1 trillion, often called the SWOOTs.
By 31 December 2025, the smallest firm within the prime 10 had a market capitalisation of round N2.5 trillion, whereas total, roughly 24 firms on the NGX have been valued above N1 trillion.
Mixed, the highest 10 NGX firms have been value about N65 trillion, representing 65.5% of the full market.
Whereas positive aspects have been recorded throughout mid- and large-cap shares, the largest firms nonetheless carry essentially the most weight, with even small worth actions noticeably affecting the All-Share Index.
Right here are the highest 10 firms by market capitalization in 2025:
