Nigerian Undiscovered Gems With Strong Fundamentals

Wema Bank

Market Cap: ₦470.4b

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

Transcorp Power

Market Cap: ₦2.4t

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

Transnational Corporation of Nigeria

Market Cap: ₦468.5b

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

Nigerian Aviation Handling

Market Cap: ₦204.7b

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

Honeywell Flour Mills

Market Cap: ₦182.4b

Manufactures and markets wheat-based products in Nigeria.

Jaiz Bank

Market Cap: ₦203.3b

Provides non-interest banking services in Nigeria.

United Capital

Market Cap: ₦340.2b

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

Sterling Financial Holdings

Market Cap: ₦411.7b

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: ₦239.7b

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

Beta Glass

Market Cap: ₦291.6b

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

Ecobank Transnational

Market Cap: ₦885.3b

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

Transcorp Hotels

Market Cap: ₦1.7t

Provides hospitality services in Nigeria.

Champion Breweries

Market Cap: ₦152.1b

Engages in the brewing and marketing of Champion lager beer and Champ Malta in Nigeria.

Aradel Holdings

Market Cap: ₦2.4t

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

Nascon Allied Industries

Market Cap: ₦263.2b

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

Fidelity Bank

Market Cap: ₦1.1t

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

International Breweries

Market Cap: ₦2.1t

Engages in the brewing, packaging, and marketing of beer, alcoholic flavored/non-alcoholic beverages, and soft drinks in Nigeria.

Presco

Market Cap: ₦1.5t

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

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.

Okomu Oil Palm

Market Cap: ₦973.0b

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

Unilever Nigeria

Market Cap: ₦385.8b

Manufactures and markets food, home care, and beauty and personal care products primarily in Nigeria and internationally.