[BREAKING] Nigerian Breweries joins trillion-naira club as shares jump

Nigerian Breweries Plc, the country’s largest brewer, saw its market capitalisation hit the N1 trillion mark on Wednesday for the first time as its share price jumped by 6.25 percent.

Its market cap rose to N1.05 trillion from N991.46 billion on Tuesday, making the brewer the latest to join the exclusive club of listed companies with at least N1 trillion valuation, according to data from the Nigerian Exchange Limited.

Other members of the club are Airtel Africa, Dangote Cement, BUA Foods, MTN Nigeria, Seplat Energy, Geregu Power, Aradel Holdings, Transcorp Power, Lafarge Africa, Transcorp Hotels, Guaranty Holding Company, Zenith Bank, Access Holdings, United Bank for Africa and FBN Holdings.