MARKET CAPITALIZATION: THE TRILLION NAIRA CLUB GROUP
1 Dangote Cement: ₦5.69T
2 MTN Nigeria: ₦5.65T
3 Airtel Africa: ₦4.85T
4 BUA Foods: ₦3.54T
5 BUA Cement: ₦3.26T
6 Seplat Energy: ₦1.08T
7 GT HoldCo: ₦1.06T
8 Zenith Bank: ₦1.04T
9 StanbicIBTC Holding: ₦1.01T
(22 Sep 2023)
Agriculture is the largest contributor to the Nigerian economy – 22.3%, but VAT from Agriculture is just 0.14% of total VAT in H1 2023.
Info & Communication contributed 18.51% but with a VAT of 12.92%.
Manufacturing contributed 9.38% but with a VAT of 18.85%.
…
2023 HALF-YEAR GDP & VAT
🌾Agriculture contribution to the Nigerian economy half-year 2023 was 22.34% & grew by 0.32% YoY.
📡Info & Communication contributed 18.51% and grew by 9.40%
🗞️Trade contributed 16.38 but grew by 1.87%
⚙️Manufacturing contributed 9.38% but grew by 1.88%
🛢️Oil and Gas contributed 5.78% but declined by 8.70%.
🏦Financial & Insurance contributed 5.31% but grew by 24.02%
🏘️Real Estate contributed 5.30% but grew by 1.79%
