Airtel Africa, Dangote Cement, MTN, Seven Others Account for 72.2% of NGX N156.44tn Market Capitalisation

Kayode TokedeAirtel Africa Plc, Dangote Cement Plc, MTN Nigeria Communications Plc, BUA Cement, Seplat Energy Plc and five other blue-chip companies have tightened their grip on the Nigerian equities market, accounting for N112.902 trillion, or 72.2 per cent, of the Nigerian Exchange Limited’s (NGX) overall market capitalisation of N156.44 trillion as of July 10, 2026.The development followed renewed positive sentiment in the stock market, as investors returned to fundamentally strong equities after the massive sell-off and profit-taking that rocked the Exchange in June.

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