Nigerian Undiscovered Gems With Strong Fundamentals

Wema Bank

Market Cap: ₦766.3b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Transnational Corporation of Nigeria

Market Cap: ₦416.6b

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

Nigerian Aviation Handling

Market Cap: ₦213.4b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Transcorp Power

Market Cap: ₦2.3t

Engages in the generation and sale of electric power in Nigeria and internationally.

United Capital

Market Cap: ₦321.3b

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

Jaiz Bank

Market Cap: ₦206.9b

Provides non-interest banking services in Nigeria.

Beta Glass

Market Cap: ₦222.0b

Manufactures, distributes, and sells glass bottles and containers in Nigeria and internationally.

Sterling Financial Holdings

Market Cap: ₦370.0b

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

Custodian Investment

Market Cap: ₦229.4b

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

Nigerian Exchange Group

Market Cap: ₦147.2b

Through its subsidiaries, operates as a stock exchange in Nigeria.

Ecobank Transnational

Market Cap: ₦932.1b

Provides retail, corporate, and investment banking services in Nigeria and rest of Africa.

Julius Berger Nigeria

Market Cap: ₦222.4b

A construction company, engages in the planning and construction of various civil engineering works in Nigeria and Europe.

Transcorp Hotels

Market Cap: ₦1.6t

Provides hospitality services in Nigeria.

Presco

Market Cap: ₦1.4t

Engages in the oil palm plantations development, palm oil milling, palm kernel processing, and vegetable oil refining businesses in Nigeria and Ghana.

Nascon Allied Industries

Market Cap: ₦291.7b

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

Okomu Oil Palm

Market Cap: ₦1.1t

Engages in the cultivation and plantation of oil palm and rubber in Nigeria.

Fidelity Bank

Market Cap: ₦954.0b

Provides various banking products and services to corporate and individual customers in Nigeria.

Stanbic IBTC Holdings

Market Cap: ₦1.5t

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