Airtel Africa Plc has become the highest capitalized company on the Nigerian Exchange Group, overtaking Dangote Cement Plc and other well-known companies.

Airtel Africa's market capitalization as of October 25, 2024 was N8.27 trillion, while Dangote Cement ended at N8.16 trillion.

Other well known companies Airtel has overtaken are; MTN Nigeria Communications Plc, Seplat Energy Plc, BUA Foods Plc, Geregu Power Plc, BUA Cement Plc, Transcorp Hotels Plc, FBN Holdings Plc, Guaranty Trust Holding Company Plc, United Bank for Africa (UBA), Zenith Bank Plc, Aradel Holdings Plc, Transcorp Power Plc, and Oando Plc.

Dangote Cement closed at N8.16 trillion, while Airtel Africa's market capitalisation was N8.27 trillion as of October 25, 2024.

A few weeks ago, Dangote Cement's stock price hit a 52-week high of N763 a share due to the Exchange's demand for the cement maker, making it the most capitalised firm at N13 trillion.

However, recent events have caused Dangote Cement's stock price to remain stable at N478.8 per share, making Airtel Africa overtake it as the most capitalised listed firm on the NGX as of last Friday's close of business.