Nigerian Undiscovered Gems With Strong Fundamentals

Transcorp Power

Market Cap: ₦2.4t

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

Nigerian Aviation Handling

Market Cap: ₦228.0b

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

Transnational Corporation of Nigeria

Market Cap: ₦517.2b

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

Wema Bank

Market Cap: ₦426.5b

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

Honeywell Flour Mills

Market Cap: ₦214.1b

Manufactures and markets wheat-based products in Nigeria.

United Capital

Market Cap: ₦379.8b

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

Jaiz Bank

Market Cap: ₦175.7b

Provides non-interest banking services in Nigeria.

Custodian Investment

Market Cap: ₦179.4b

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

Beta Glass

Market Cap: ₦210.0b

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

Sterling Financial Holdings

Market Cap: ₦344.0b

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

Ecobank Transnational

Market Cap: ₦787.0b

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

Nigerian Exchange Group

Market Cap: ₦175.9b

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

Transcorp Hotels

Market Cap: ₦1.5t

Provides hospitality services in Nigeria.

Aradel Holdings

Market Cap: ₦2.2t

An integrated energy company, engages in the exploration, production, refining, and distribution of oil and gas products in Nigeria and internationally.

Fidelity Bank

Market Cap: ₦1.1t

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

Presco

Market Cap: ₦1.6t

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: ₦241.9b

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

Okomu Oil Palm

Market Cap: ₦952.0b

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

First HoldCo

Market Cap: ₦1.5t

Provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria and internationally.

Stanbic IBTC Holdings

Market Cap: ₦1.6t

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