BUA Foods Hits N10trn Market Cap for First Time, Overtakes MTN as Most Valuable Firm

BUA Foods Plc crossed N10 trillion in market capitalisation on Thursday for the first time, overtaking MTN Nigeria Communications Plc as the most valuable company.

The food business, a subsidiary of BUA Group, saw its market value rise from N9.52 trillion on Wednesday to N10.35 trillion, compared with MTN’s N10.07 trillion. 

READ MORE: Why BUA Foods’ revenue hit trillion-naira mark amid soaring inflation