BUA Foods Plc has overtaken Dangote Cement Plc and MTN Nigeria Plc to become the most valuable company on the Nigerian Exchange (NGX), with a market capitalization of about ₦12.5 trillion.
The milestone marks a major shift in market leadership, as BUA Foods’ shares have rallied strongly in 2025 on the back of robust earnings and investor confidence. The company’s diversified operations spanning sugar, flour, rice, and edible oils have benefited from strong demand and consistent expansion.
In the first half of 2025, BUA Foods’ profit more than doubled year-on-year, reinforcing its appeal to investors seeking stability amid inflation and currency pressures. Its valuation surge also reflects limited share availability, as most holdings remain under BUA Group Chairman Abdulsamad Rabiu.
Analysts say the rise of BUA Foods highlights growing investor interest in the consumer goods sector, traditionally viewed as more resilient in volatile economic conditions.
With this achievement, BUA Foods now leads the NGX ahead of Dangote Cement and MTN Nigeria solidifying its position as a dominant force in Nigeria’s capital market. Visit www.jocomms.com for more news.
