BUA Foods Reclaims Position as Nigeria’s Most Valuable Company with N17.4 Trillion Market Capitalisation

BUA Foods Plc has regained its position as the most valuable listed company on the Nigerian Exchange (NGX), following a major surge in market capitalisation to N17.4 trillion. The achievement reinforces the company’s growing influence within Nigeria’s fast-moving consumer goods (FMCG) sector and highlights the expanding strength of Africa’s food manufacturing industry.

The company’s share price climbed by 8.65% to N967, allowing BUA Foods to overtake MTN Nigeria and reclaim the top spot on the Nigerian stock market after more than two months. 

Industry analysts attribute the company’s impressive market performance to its strong financial results, ambitious expansion plans, and continued investor confidence in Africa’s rapidly evolving food and beverage sector. BUA Foods reported record revenues of N1.77 trillion for 2025, alongside a near doubling of net profit to N518.38 billion. 

The company also announced plans for a significant dividend payout estimated at N504 billion, further strengthening investor sentiment and underlining its commitment to shareholder value creation.

BUA Foods operates across several key segments including sugar, flour, pasta, rice, and edible oils, supplying essential food products to millions of consumers across Nigeria and Africa. The company continues to play a critical role in supporting food security, industrial development, and local manufacturing across the continent.

Speaking on the company’s future outlook, Managing Director Ayodele Abioye recently confirmed that BUA Foods is targeting over 50% capacity expansion across its business divisions. The expansion strategy is expected to increase production capabilities, generate employment opportunities, and strengthen Africa’s regional food supply chain.

The growth of BUA Foods reflects increasing investor confidence in Africa’s consumer goods and agribusiness sectors, as demand for locally produced food products continues to rise across the continent. Market observers also note that the company’s strong performance aligns with broader trends driving investment into African manufacturing, food processing, and FMCG industries. 

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Source: Business Day, April 2026