Nigerian Undiscovered Gems With Strong Fundamentals

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Wema Bank

Market Cap: ₦299.0b

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

Nigerian Aviation Handling

Market Cap: ₦165.4b

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

Transcorp Power

Market Cap: ₦2.7t

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

Transnational Corporation of Nigeria

Market Cap: ₦447.1b

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

Sterling Financial Holdings

Market Cap: ₦250.0b

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

Ecobank Transnational

Market Cap: ₦705.8b

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

Transcorp Hotels

Market Cap: ₦1.6t

Provides hospitality services in Nigeria.

Okomu Oil Palm

Market Cap: ₦529.4b

Engages in the cultivation and plantation of oil palm and rubber 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: ₦1.0t

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

Presco

Market Cap: ₦850.2b

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

First HoldCo

Market Cap: ₦1.1t

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

Stanbic IBTC Holdings

Market Cap: ₦842.2b

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