Nigeria’s Top Firms Invest N3.9tn in Expansion

Seven major Nigerian listed companies have allocated over N3.9 trillion for capital expenditure in 2025 and the first half of 2026. These firms operate in telecommunications, cement, oil and gas, and brewing sectors, focusing on infrastructure, production capacity, and operational efficiency.

The companies involved include MTN Nigeria, Dangote Cement, BUA Cement, HBM Nigeria, Seplat Energy, International Breweries, and Nigerian Breweries. Their financial reports indicate mixed yet positive signs of returns, such as increased profits and stronger operating cash flow.

The investment reflects a strategic push to enhance production and reduce debt, with the firms showing improved performance in key operational metrics. The financial results suggest that these companies are beginning to see tangible benefits from their expansion efforts.