Nigerian Undervalued Small Caps

Nascon Allied Industries

Market Cap: ₦397.3b

Engages in the processing of raw salt into refined, edible, and grade salt in Nigeria.

Cadbury Nigeria

Market Cap: ₦156.7b

Engages in manufacturing and selling branded fast moving consumer goods in Nigeria.

Stanbic IBTC Holdings

Market Cap: ₦2.1t

A financial holding company, provides banking and other financial services to individuals, businesses, institutions, and corporations in Nigeria and internationally.