The Nigerian Exchange Group reportedly revealed its updated SWOOT list with Airtel Africa leading other capitalist companies holding stocks in Nigeria’s exchange marketplace. Regardless of Airtel’s transcending performance among other telecom companies, the Indian-owned service provider outperformed Dangote’s fiat capitalization.
Airtel Africa challenges Aliko Dangote to flaunt his flagship socioeconomic business christened Dangote Cement — a lucrative enterprise that allowed Dangote to nurture buoyancy in Africa’s stock exchange marketplace. The Indian-owned telecom giant is arguably competent to outperform its capitalized equity that currently exceeds the stocks Dangote holds.
Dangote seconds Airtel’s current domineering position in the stock exchange market. Still, Dangote remains Africa’s finest entrepreneur with the fattest bank account. Airtel and Dangote are on the race to become Africa’s richest weighed per their individual stock capitalization valued in trillions — while the Nigerian exchange group serves as a referee to keep its SWOOT ecosystems to be fairly orchestrated.
For context, the “Stock Worth Over One Trillion” is abbreviated as SWOOT — a high-classed category to ascertain the most beneficial company holding stocks with the Nigerian Exchange Group. Both Dangote and Airtel have experienced wealth generated from their autonomous businesses to be categorized as a company with tangible SWOOT.
Airtel has reportedly earned its place to pioneer SWOOT’s preferential spot for the first company to actualize up to N5tn capitalised stock. Airtel gained N5.4 trillion worth of stocks which is equivalent to a 10% additional equity. The telecom giant passed the criteria to fairly hold stocks for exchange.
Dangote Cement has competed closely with Airtel but lost 8.53% of its stock capitalization. Dangote enterprise lost hundreds of thousands of its capitalized market. The cement company closed its market cap with N4.44tn — lesser than its previous market capitalization that closed at N4.86 per the entrepreneur fiat market assets.
Airtel Africa N5.4tn capitalised equity also placed Nigeria’s spot on the continental map the most visible. The Indian-owned telecom behemoth accolade Nigeria’s exchange marketplace to be enlisted as the only African stock exchange market to have attained the least N5 trillion market capitalization.
Airtel accounts for a 46% YoY stock capitalization. Airtel currently priced its shares to value N1,390 for a slice of its held stock. While Dangote charges a slice of its shares for N1271. Airtel continues to deploy more real-time operations — imbibed motives that attract investors and serve high-end telecom technology.