Here are the 10 most expensive stocks in Nigeria

As the year draws to a close, Markets Reporters takes a look at the most expensive stocks on the Nigerian Exchange Limited (NGX) as of December 19, 2024.

AVA Infrastructure Fund: N1,000,000

This infrastructure fund is an initiative launched by AVA Global Asset Managers Ltd as part of its mission to address Nigeria’s infrastructure deficit. Its series 1 fund worth N4.08 billion was listed on the NGX on May 10, 2024.

Seplat Energy: N5,700

A leading indigenous Nigerian energy company, Seplat is listed on the Premium Board of the NGX and the Main Market of the London Stock Exchange. The company, which was admitted to both bourses on April 14, 2010, is pursuing a Nigeria-focused growth strategy and is positioned to participate in future divestment programmes by international oil companies, farm-in opportunities and future licensing rounds. 

Airtel Africa: N2,156.90

Listed in Nigeria and London, Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

It has been on the NGX since July 9, 2019.

Geregu Power: N1,150

Incorporated in 2006, Geregu Power PLC began its operations in 2007 with a clear mission: to generate and supply electric power through Nigeria’s National Grid. The company operates a power plant with a 435MW installed capacity.

The company was listed on October 5, 2022.

Nestle Nigeria: N875

Nestle Nigeria is Africa’s top food and beverage company. With a heritage of more than 63 years in Nigeria and its household brands, the firm continues to ensure the availability and accessibility of nutritious food and beverage products.

It was admitted to the stock exchange on April 20, 1979.

Aradel Holdings: N730.40

Aradel, which was listed on October 14, 2024, is a major integrated independent energy company, delivering critical energy solutions. It was incorporated on 25 March 1992 (as the Midas Drilling Fund), changed its name to Niger Delta Exploration and Production Plc in November 1996, assumed its current name in May 2023.

TotalEnergies Marketing Nigeria: N673.90

TotalEnergies Marketing Nigeria is a marketing and services subsidiary of French energy major TotalEnergies. For over 50 years, the company has remained the leader in the downstream sector of the Nigerian oil and gas industry with an extensive distribution network of over 570 service stations nationwide and a wide range of energy products and services.

It was listed on September 11, 2001.

Dangote Cement: N478.80

Listed on October 26, 2010, the company is Africa’s leading cement producer with 52.0Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria. It has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (2.0Mta clinker grinding and import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta).

Presco: N465

Listed on October 10, 2002, Presco is a subsidiary of Siat s.a., a Belgian agro-industrial company specialized in industrial as well as smallholder plantations of tree crops, mainly oil palm and rubber, and allied processing industries. It holds the Obaretin Estate (a concession of 6,387 hectares), the Ologbo Estate (a concession of 13,545 hectares), both located in Edo State, and the Cowan Estate, a concession of 2,800 hectares in Delta State. A new concession called Ato Estate also in Edo State of 16,797 hectares.

BUA Foods: N394.90

BUA Foods, listed on January 5, 2022, is a leading food business with diversified operations producing sugar, flour, pasta, rice and edible oils. It is a member of BUA Group, a leading conglomerate in Nigeria with business interests spread across the food and infrastructure sectors.

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