- About 10 companies in Nigeria has recorded highest earnings per share in the first half of 2023
- Fidelity Bank, MTN, Okomu Oil, FMCB, Seplat and TotalEnergies are among the 10 companies with the highest earnings per share on the NGX
- The firms braved headwinds caused primarily by petrol subsidy removal in Nigeria to make huge gains
Many Nigerian companies overcame the economic headwinds in the first half of 2023, with Fidelity Bank, Seplat Energy, Total Energy, and Okomu Oil becoming the top Nigerian companies with the highest earnings per share on the Nigerian Exchange Limited as of August 2023.
Nigeria’s economy faced tough times in 2023, as most people and businesses battled the high cost of living, and companies saw a spike in the price of production caused by the petrol subsidy removal, which drove the costs through the roof.
