Nigerian Undiscovered Gems With Strong Fundamentals

Transnational Corporation of Nigeria

Market Cap: ₦416.1b

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

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Transcorp Power

Market Cap: ₦2.7t

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

Wema Bank

Market Cap: ₦235.7b

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

Geregu Power

Market Cap: ₦2.9t

Engages in the generation and sale of electric power through the National Grid of the Transmission Company of Nigeria to the Nigerian Bulk Electricity Trading.

Sterling Financial Holdings

Market Cap: ₦236.4b

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

Ecobank Transnational

Market Cap: ₦660.3b

Provides retail, corporate, and investment banking services in Africa and internationally.

Transcorp Hotels

Market Cap: ₦1.5t

Provides hospitality services in Nigeria.

Aradel Holdings

Market Cap: ₦2.2t

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

Fidelity Bank

Market Cap: ₦974.1b

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

Presco

Market Cap: ₦785.0b

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

Okomu Oil Palm

Market Cap: ₦520.1b

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

Access Holdings

Market Cap: ₦1.1t

Through its subsidiary, Access Bank Plc, provides various banking products and services in Nigeria, rest of Africa, Europe, and internationally.

Guaranty Trust Holding

Market Cap: ₦1.6t

Operates as a financial holding company for Guaranty Trust Bank Limited that provides commercial banking services in Nigeria, Ghana, Gambia, Sierra Leone, Liberia, Cote D'Ivoire, Kenya, Uganda, Rwanda, Tanzania, and the United Kingdom.

First HoldCo

Market Cap: ₦897.4b

Provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria, the United Kingdom, and rest of Africa.

Stanbic IBTC Holdings

Market Cap: ₦803.3b

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