Main companies in Nigeria 2023, by market capitalization

As of 2023, MTN Nigeria was the largest company in Nigeria by market capitalization. It is a South African company based in Lagos and active in many other African countries. In the said year, its outstanding shares had a market value of over 10.6 billion U.S. dollars. Dangote Cement, a non-energy material enterprise, was the second-largest company in Nigeria by market capitalization, followed by BUA Cement. How is MTN Nigeria faring on the country’s mobile communication market?MTN Nigeria has the largest subscriber base in Nigeria in terms of registered mobile sim cards, which exceeded 123 million in 2022. Additionally, the country uses GSM technology for mobile communications, whereby MTN Nigeria has maintained the highest number of 2G internet subscriptions over the years. On the other hand, its competitors, EMTS and Airtel, overtake them in operations that allow customers to port their mobile numbers. It's still a race in telecommunication towers and fiber opticsMTN accounts for around 1.6 percent of the over 34,800 telecommunication towers in Nigeria, ranking fourth after IHS Towers, Globacom Limited, and ATC Nigeria. IHS Nigeria is responsible for close to 48 percent of the total, making it a giant in the sector. Lagos retains the majority of the country’s total towers. Moreover, as of 2022, Airtel owned the longest on-land fiber optics in Nigeria, while MTN managed the lengthiest submarine fiber optics. Fiber optics enable the transmission of data, voice, and images from one point to another.

截至2023年，MTN尼日利亚已成为尼日利亚市值最高的企业。该公司为南非企业，总部位于拉各斯，并在非洲其他许多国家活跃。在该年度，其流通股份市值超过106亿美元。多哥特水泥公司，一家非能源材料企业，在尼日利亚市值排名中位居第二，紧随其后的是BUA水泥公司。那么，MTN尼日利亚在该国移动通信市场表现如何呢？在注册的移动SIM卡数量方面，MTN尼日利亚拥有尼日利亚最大的用户基础，2022年超过1.23亿。此外，该国采用GSM技术进行移动通信，而多年来，MTN尼日利亚在2G互联网订阅用户数量上一直保持领先。另一方面，其竞争对手EMTS和Airtel则在允许客户携号转网的业务领域超越了MTN。在电信塔和光纤方面，仍是一场激烈的竞争。MTN在尼日利亚超过34,800座电信塔中占比约1.6%，位居第四，其后依次为IHS Towers、Globacom Limited和ATC Nigeria。IHS尼日利亚负责近48%的总数，成为该行业的巨头。拉各斯拥有该国大部分的电信塔。此外，截至2022年，Airtel拥有尼日利亚最长的陆地光纤，而MTN则拥有最长的海底光纤。光纤能够实现数据、语音和图像从一个点到另一个点的传输。