Nairametrics unveils Nigeria Megacorp Index (NMX-100) to spotlight economic powerhouses

In a move aimed at enhancing transparency and providing a verifiable snapshot of Nigeria’s corporate landscape, Nairametrics has unveiled the Nigeria Megacorp Index (NMX-100), the country’s first independent, data-driven ranking of the largest companies by revenue. The index seeks to serve as a benchmark for investors, policymakers, and the general public, highlighting firms that drive […]

In a move aimed at enhancing transparency and providing a verifiable snapshot of Nigeria’s corporate landscape, Nairametrics has unveiled the Nigeria Megacorp Index (NMX-100), the country’s first independent, data-driven ranking of the largest companies by revenue.

The index seeks to serve as a benchmark for investors, policymakers, and the general public, highlighting firms that drive economic growth while maintaining substantial operations in Nigeria.

To qualify, companies must report at least N100 billion in revenue based on their most recent audited financial statements.

In a statement, Nairametrics said only companies with headquarters and significant operations in Nigeria are considered, ensuring that the ranking reflects genuine domestic economic impact.

According to Nairametrics, the index currently tracks over 60 companies spanning 15 key sectors, with a combined revenue exceeding N90 trillion and total profits topping N9 trillion.