Awareness and observation are antennas into the minds of customers. And the greatest entrepreneurs are those who demonstrate uncommon abilities to understand evolving patterns and customer preferences, before those become evident . Yes, they build for that unborn future, and become category-pioneers and -kings. They’re aware!
What do you think will be the stable state of Naira and dollar in Nigeria? Today, it is hovering around N850/$ which seems very out of order. Many experts modeled N650/$. What are you observing? Are you paying attention because these shifts would be catalytic in the grand scheme of things.
A case here: Nigeria brings in via oil sales, remittances, non-oil sales, etc about $100 billion yearly. Officially, Nigeria’s annual import is less than $60 billion. In the real sense we should be fine (let me spare you of them). But we are not due to many factors.
Meanwhile, the half-year roll call of the most valuable publicly traded companies in Nigeria is out, according to Nairametrics. Dangote Cement leads at $7.9 billion followed by MTN Nigeria ($7.05 billion). Others at the top are Airtel Africa, BUA Cement, BUA Foods, GTCo, Zenith Bank, Seplat Energies, Nestle Nigeria, and Stanbic IBTC. GTbank’s GTCO is back, overtaking Zenith Bank, as the nation’s most valued lender. That noted, Stanbic IBTC is just around the corner and could pick the trophy in 2024.
- Dangote Cement – N5.99 trillion ($7.9 billion)
- MTN Nigeria – N5.33 trillion ($7.05 billion)
- Airtel Africa – N4.96 trillion ($6.55 billion)
- BUA Cement – N3.35 trillion ($4.43 billion)
- BUA Foods – N2.44 trillion ($3.23 billion)
- GTCo – N1.08 trillion
- Zenith Bank – N1.06 trillion
- Seplat – N996.6 billion
- Nestle Nigeria – N931.4 billion
- Stanbic IBTC – N900.5 billion
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