Nigerian Undiscovered Gems With Strong Fundamentals

Transcorp Power

Market Cap: ₦2.3t

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

Nigerian Aviation Handling

Market Cap: ₦220.2b

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

Transnational Corporation of Nigeria

Market Cap: ₦467.5b

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

Wema Bank

Market Cap: ₦906.7b

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

AIICO Insurance

Market Cap: ₦147.2b

Provides risk underwriting and related financial services in Nigeria.

eTranzact International

Market Cap: ₦151.8b

A payment technology provider, engages in the processing of various types of electronic payment transactions using its switching platform worldwide.

Honeywell Flour Mills

Market Cap: ₦190.3b

Manufactures and markets wheat-based products in Nigeria.

United Capital

Market Cap: ₦334.8b

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

Jaiz Bank

Market Cap: ₦275.6b

Provides non-interest banking services in Nigeria.

Custodian Investment

Market Cap: ₦264.7b

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

Sterling Financial Holdings

Market Cap: ₦377.8b

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: ₦250.5b

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

Nigerian Exchange Group

Market Cap: ₦179.7b

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.

Julius Berger Nigeria

Market Cap: ₦244.6b

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

NEM Insurance

Market Cap: ₦155.5b

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

Transcorp Hotels

Market Cap: ₦1.8t

Provides hospitality services in Nigeria.

Fidson Healthcare

Market Cap: ₦167.8b

Manufactures and distributes pharmaceutical products in Nigeria.

Presco

Market Cap: ₦1.6t

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: ₦324.3b

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

Fidelity Bank

Market Cap: ₦956.5b

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.