Nigerian Undiscovered Gems With Strong Fundamentals

AIICO Insurance

Market Cap: ₦169.8b

Provides risk underwriting and related financial services in Nigeria.

Transnational

Market Cap: ₦485.2b

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

Wema Bank

Market Cap: ₦1.3t

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

Nigerian Aviation Handling

Market Cap: ₦449.7b

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

Honeywell Flour Mills

Market Cap: ₦143.9b

Manufactures and markets wheat-based products in Nigeria.

Vitafoam Nigeria

Market Cap: ₦291.2b

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

United Capital

Market Cap: ₦333.0b

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

Jaiz Bank

Market Cap: ₦400.0b

Provides non-interest banking services in Nigeria.

Chemical and Allied Products

Market Cap: ₦162.1b

Manufactures and sells paints and coatings in Nigeria.

Sterling Financial Holdings

Market Cap: ₦541.2b

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

Okomu Oil Palm

Market Cap: ₦1.7t

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

Beta Glass

Market Cap: ₦342.0b

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

Nigerian Exchange Group

Market Cap: ₦391.5b

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

Ecobank Transnational

Market Cap: ₦2.3t

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

Julius Berger Nigeria

Market Cap: ₦504.0b

Engages in the planning and construction of various civil engineering works in Nigeria and Europe.

Transcorp Hotels

Market Cap: ₦2.3t

Provides hospitality services in Nigeria.

Fidson Healthcare

Market Cap: ₦327.6b

Manufactures and distributes pharmaceutical products in Nigeria.

FCMB Group

Market Cap: ₦761.8b

Provides various banking and financial services in Nigeria and Europe.

Presco

Market Cap: ₦2.7t

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: ₦567.5b

Engages in the processing of raw salt into refined, edible, and grade salt in Nigeria.

PZ Cussons Nigeria

Market Cap: ₦405.0b

Manufactures, distributes, and sells various consumer products and home appliances to wholesalers in Nigeria and internationally.

Fidelity Bank

Market Cap: ₦1.2t

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

Unilever Nigeria

Market Cap: ₦965.2b

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

International Breweries

Market Cap: ₦2.1t

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

Access Holdings

Market Cap: ₦1.3t

Operates as the financial holding company of Access Bank Plc that provide various banking products and services in Nigeria, rest of Africa, and Europe.