Nigerian Undiscovered Gems With Strong Fundamentals

Transnational Corporation of Nigeria

Market Cap: ₦462.4b

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

Wema Bank

Market Cap: ₦299.0b

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

Nigerian Aviation Handling

Market Cap: ₦157.4b

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

Conoil

Market Cap: ₦186.2b

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

Transcorp Power

Market Cap: ₦2.5t

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

Honeywell Flour Mills

Market Cap: ₦169.7b

Manufactures and markets wheat-based products in Nigeria.

Sterling Financial Holdings

Market Cap: ₦261.4b

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

Ecobank Transnational

Market Cap: ₦746.4b

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

Transcorp Hotels

Market Cap: ₦1.4t

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 Nigeria and internationally.

Fidelity Bank

Market Cap: ₦989.2b

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

Presco

Market Cap: ₦972.0b

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: ₦163.4b

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

Okomu Oil Palm

Market Cap: ₦620.0b

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

First HoldCo

Market Cap: ₦1.2t

Provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria and internationally.

Stanbic IBTC Holdings

Market Cap: ₦934.8b

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