Nigerian Undiscovered Gems With Strong Fundamentals

Nigerian Aviation Handling

Market Cap: ₦289.3b

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

AIICO Insurance

Market Cap: ₦150.1b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.0t

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

Transnational Corporation of Nigeria

Market Cap: ₦518.3b

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

Vitafoam Nigeria

Market Cap: ₦158.8b

Engages in the manufacture, marketing, and distribution of flexible and rigid foam, fibre products, and textile linens in Nigeria and other West African countries.

Honeywell Flour Mills

Market Cap: ₦182.4b

Manufactures and markets wheat-based products in Nigeria.

United Capital

Market Cap: ₦360.0b

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

Jaiz Bank

Market Cap: ₦365.6b

Provides non-interest banking services in Nigeria.

Sterling Financial Holdings

Market Cap: ₦421.1b

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: ₦317.6b

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

Beta Glass

Market Cap: ₦247.2b

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

Nigerian Exchange Group

Market Cap: ₦246.9b

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

Ecobank Transnational

Market Cap: ₦1.1t

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

Skyway Aviation Handling

Market Cap: ₦203.0b

Provides aviation handling services in Nigeria.

NEM Insurance

Market Cap: ₦165.5b

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

Transcorp Hotels

Market Cap: ₦2.0t

Provides hospitality services in Nigeria.

Julius Berger Nigeria

Market Cap: ₦399.5b

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

Fidson Healthcare

Market Cap: ₦175.2b

Manufactures and distributes pharmaceutical products in Nigeria.

FCMB Group

Market Cap: ₦479.4b

Provides various banking and financial services in Nigeria and Europe.

Presco

Market Cap: ₦2.1t

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

Okomu Oil Palm

Market Cap: ₦1.2t

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

Nascon Allied Industries

Market Cap: ₦340.5b

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

Stanbic IBTC Holdings

Market Cap: ₦1.9t

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