Transcorp Power Plc and Transcorp Hotels, subsidiaries of Heirs Holdings’ investee company, Transcorp Group have been recognised as one of the most valuable companies in Nigeria based on market capitalisation, reflecting their significant contributions to the Nigerian economy and their leadership within their respective industries.
Transcorp Power Plc
Transcorp Power Plc has secured its position as one of Nigeria’s top companies by market capitalisation, coming in at an impressive 6th place with a valuation of N2.8 trillion. This achievement highlights Transcorp Power’s pivotal role in the Nigerian energy sector, showcasing its robust market performance and commitment to driving sustainable energy solutions.
Transcorp Hotels
Joining the ranks is Transcorp Hotels, which has been listed as the 11th most valuable company in Nigeria with a market capitalisation of N1.01 trillion. This recognition shows Transcorp Hotels’ excellence in the hospitality industry and its continued dedication to delivering world-class service and unforgettable experiences to its guests.
Top 11 Market Capitalisation Leaders in Nigeria
Based on data from the Nigerian Exchange (NGX), the following companies are recognised as the top 11 most valuable by market capitalisation at the end of June 2024:
- Dangote Cement: N11.19 trillion
- Airtel Africa: N7.88 trillion
- BUA Foods: N6.84 trillion
- BUA Cement Plc: N4.85 trillion
- MTN Nigeria: N4.49 trillion
- Transcorp Power: N2.8 trillion
- Geregu Power: N2.5 trillion
- Seplat Energy: N2.23 trillion
- GTCo: N1.32 trillion
- Zenith Bank: N1.12 trillion
- Transcorp Hotels: N1.01 trillion