Nigerian Dividend Powerhouses (3%+ Yield)

Guaranty Trust Holding

Market Cap: ₦4.9t

Operates as a financial holding company for Guaranty Trust Bank Limited that provides commercial banking services in Nigeria, Ghana, Gambia, Sierra Leone, Liberia, Cote D'Ivoire, Kenya, Uganda, Rwanda, Tanzania, and the United Kingdom.

FCMB Group

Market Cap: ₦735.4b

Provides various banking and financial services in Nigeria and Europe.

Zenith Bank

Market Cap: ₦5.4t

Provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally.

Dangote Cement

Market Cap: ₦16.2t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

NEM Insurance

Market Cap: ₦153.3b

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

Lafarge Africa

Market Cap: ₦5.6t

Manufactures, markets, and sells cement and other cementitious products in Nigeria.

United Capital

Market Cap: ₦331.2b

Provides investment banking, portfolio management, securities trading, and trusteeship services in Nigeria.

Transnational

Market Cap: ₦452.2b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Stanbic IBTC Holdings

Market Cap: ₦2.6t

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

MTN Nigeria Communications

Market Cap: ₦19.2t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.