Nigerian Breakout Stocks

BUA Foods

Market Cap: ₦10.3t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Sterling Financial Holdings

Market Cap: ₦406.5b

Provides various commercial banking products and services primarily to multinational companies, financial institutions, individuals, small businesses, partnerships, and commercial entities in Nigeria.

Guinness Nigeria

Market Cap: ₦310.2b

Engages in brewing, packaging, marketing, and selling whisky, vodka, liqueur, gin, spirits, beers, non-alcoholic drinks, and ready-to-drink products primarily in Nigeria.

NEM Insurance

Market Cap: ₦163.8b

Provides general insurance products and services to corporate and individual customers in Nigeria and Europe.

UPDC

Market Cap: ₦133.4b

Develops, sells, and manages real estate assets in Nigeria.

AXA Mansard Insurance

Market Cap: ₦118.6b

AXA Mansard Insurance Plc, together with its subsidiaries, underwrites risk and non-life insurance contracts in Nigeria.

AIICO Insurance

Market Cap: ₦116.8b

Provides risk underwriting and related financial services in Nigeria.

Cornerstone Insurance

Market Cap: ₦105.2b

Offers risk underwriting and related financial services for corporate and individual customers in Nigeria.

Coronation Insurance

Market Cap: ₦78.7b

Through its subsidiaries, engages in underwriting of life and non-life insurance for individuals and corporate entities.

Mutual Benefits Assurance

Market Cap: ₦53.4b

Engages in non-life insurance and risk management services to organizations and private individuals in Nigeria, Liberia, and Niger Republic.

Consolidated Hallmark Holdings

Market Cap: ₦46.8b

Through its subsidiaries, primarily provides insurance products and services in Nigeria.

Ellah Lakes

Market Cap: ₦46.6b

Engages in the oil palm, cassava, soybean, maize, and rice plantation in Nigeria.

Linkage Assurance

Market Cap: ₦41.7b

Engages in the non-life insurance business in Nigeria.

LASACO Assurance

Market Cap: ₦39.5b

Provides various insurance products and services in Nigeria.

Sovereign Trust Insurance

Market Cap: ₦35.3b

Provides non-life and special risk insurance in Nigeria.

Veritas Kapital Assurance

Market Cap: ₦27.6b

Provides non-life insurance products and services to individuals and businesses in Nigeria.

Prestige Assurance

Market Cap: ₦22.0b

A general insurance company, provides non-life insurance products in Nigeria.

C & I Leasing

Market Cap: ₦21.5b

Provides marine services in Nigeria, Ghana, and the United Arab Emirates.

Royal Exchange

Market Cap: ₦18.0b

Engages in the provision of financing, asset management, and trusteeship services in Nigeria.

Universal Insurance

Market Cap: ₦16.0b

Engages in the provision of non-life insurance, risk underwriting, and related financial and hospitality services in Nigeria.

Regency Alliance Insurance

Market Cap: ₦13.9b

Provides general insurance products to institutional and individual clients in Nigeria and the West African sub-region.

Guinea Insurance

Market Cap: ₦9.2b

Provides general insurance products and services to individuals and corporate organizations in Nigeria.

Secure Electronic Technology

Market Cap: ₦5.6b

Engages in the lottery business in Nigeria.

International Energy Insurance

Market Cap: ₦3.6b

Engages in general insurance business for corporate and retail customers in the oil and energy sector.