Nigerian Undiscovered Gems With Strong Fundamentals

Nigerian Aviation Handling

Market Cap: ₦202.6b

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

Transnational Corporation of Nigeria

Market Cap: ₦428.8b

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

Wema Bank

Market Cap: ₦758.2b

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

Transcorp Power

Market Cap: ₦2.3t

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

Honeywell Flour Mills

Market Cap: ₦152.3b

Manufactures and markets wheat-based products in Nigeria.

United Capital

Market Cap: ₦309.6b

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

Jaiz Bank

Market Cap: ₦202.9b

Provides non-interest banking services in Nigeria.

Custodian Investment

Market Cap: ₦217.6b

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

Sterling Financial Holdings

Market Cap: ₦367.4b

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

Beta Glass

Market Cap: ₦222.0b

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

Ecobank Transnational

Market Cap: ₦897.6b

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

Transcorp Hotels

Market Cap: ₦1.6t

Provides hospitality services in Nigeria.

Julius Berger Nigeria

Market Cap: ₦222.4b

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

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.

Nascon Allied Industries

Market Cap: ₦291.7b

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

Okomu Oil Palm

Market Cap: ₦990.2b

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

Fidelity Bank

Market Cap: ₦944.0b

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

Stanbic IBTC Holdings

Market Cap: ₦1.7t

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