Nigerian Undervalued Small Caps

Nascon Allied Industries

Market Cap: ₦391.9b

Manufactures and sells refined, edible, and grade salt in Nigeria.

Cadbury Nigeria

Market Cap: ₦160.8b

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

Stanbic IBTC Holdings

Market Cap: ₦1.9t

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