9 Companies Control 68% Of N157.7trn NGX Market

Nigeria’s equity market is increasingly being driven by a small group of highly capitalised companies, with nine firms controlling about 68 per cent of the Nigerian Exchange (NGX) equity market valued at N157.74 trillion as of August 31, 2026.
The concentration highlights the growing influence of blue-chip stocks on market direction, as the broader equities market continues its strong performance this year.
At the close of trading on August 31, the NGX market capitalisation stood at N157.74 trillion, while the All-Share Index closed at 244,199.39 points, representing a 56.93 per cent year-to-date gain.
Data from market analysts showed that the nine companies, each with market capita...