August 24, 2026
By Yinka Kolawole
The ten largest quoted fast moving consumer goods (FMCG) manufacturing companies in Nigeria sustained strong growth momentum in the first half of 2026 (H1’26), generating combined revenue of more than N3.5 trillion despite persistent inflationary pressures, elevated energy costs and foreign exchange volatility.
An analysis of financial results filed with the Nigerian Exchange, NGX, showed that the companies also posted combined profit after tax of N601.74 billion, underscoring the sector’s resilience amid a challenging operating environment.
Nigerian Breweries (NB) Plc emerged as the highest revenue-generating consumer goods company during the period, recording N803 billion in revenue. The brewer became the first listed consumer goods firm in Nigeria to surpass the N800 billion revenue mark within six months, reflecting the scale of its operations and sustained demand across its product portfolio. The company also reported profit after tax of N92.95 billion.
