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GENERAL INFORMATION
MARKET INFORMATION
FINANCIAL SERVICES
   
FACT BOX :  

location: WEST AFRICA / bordering Niger, Chad, Cameroon, Gulf of Guinea, and Benin.

capital: Abuja, population 0.8 million, but the real economic capital is Lagos, population 8 million (5% of the total).

population: 155 million

languages: English (official), Hausa, Igbo, Yoruba

religion: Sunni Moslem and Christian

currency: Nigerian Naira (NGN)

 

 



STOCK EXCHANGE

Nigerian Stock Exchange, MCAP USD36 bn, TO USD19.9 bn, Stocks 213
Only 0.1% of turnover was non-equity (industrial bonds). In addition, N10.4 tn (USD70 bn) of Federal bonds were traded OTC.


20 LARGEST STOCKS BY MARKET CAPITALISATION

(accounted for 50% of total market capitalisation, and as at y/e 2008 were):

Banks (15):

1. First Bank of Nigeria / N524 bn (USD3.5 bn)
2 Zenith Bank / N368 bn (USD2.5 bn)
4. United Bank for Africa / N283 bn (USD1.9 bn)
5. Ecobank Transnational Incorporated / N273 bn (USD1.8 bn)
6. Oceanic bank International /N268 bn(USD1.8 bn)
7. Intercontinental Bank / N243 bn (USD1.6 bn)
9. Platinum Habib Bank / N206 bn (USD1.4 bn)
10. Stanbic IBTC / N204 bn (USD1.4 bn)
11. Ecobank Nigeria / N202 bn (USD1.3 bn)
12. Guaranty Trust Bank / N195 bn (USD1.3 bn)
14. Union Bank of Nigeria / N176 bn (USD1.2 bn)
16. Wema Bank / N146 bn (USD1.0 bn)
17. Fidelity Bank / 136 bn (USD0.9 bn)
18. Afribank Nigeria / N130 bn (USD0.9 bn)
20. Access Bank / N116 bn (USD0.8 bn)

n.b. Diamond Bank is cross-listed on the Professional Securities Market (PSM) of LSE.

Industrial & Other (5):

3. Nigerian Breweries / N309 bn (USD2.0 bn)
8. African Petroleum / N232 bn (USD1.6 bn)
13. Dangote Sugar Refinery / N186 bn (USD1.2 bn)
15. Guinness Nigeria N147 bn / (USD1.0 bn)
19. Nestle Nigeria N126 bn / (USD0.8 bn)


DATA RESOURCES

Central Bank of Nigeria
http://www.cenbank.org

Nigerian Stock Exchange
http://www.nigerianstockexchange.com

Nigerian Journal of Securities & Finance