Nigerian High Return On Equity, Low Debt

Dangote Cement

Market Cap: ₦13.6t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Lafarge Africa

Market Cap: ₦3.5t

Manufactures, markets, and sells cement and other cementitious products in Nigeria.

Presco

Market Cap: ₦2.3t

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

Transcorp Power

Market Cap: ₦2.3t

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

Stanbic IBTC Holdings

Market Cap: ₦2.2t

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

Wema Bank

Market Cap: ₦1.0t

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

Transnational

Market Cap: ₦508.1b

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

Jaiz Bank

Market Cap: ₦441.4b

Provides non-interest banking services in Nigeria.

Nascon Allied Industries

Market Cap: ₦405.4b

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

Beta Glass

Market Cap: ₦299.1b

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

Vitafoam Nigeria

Market Cap: ₦177.1b

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

Ikeja Hotel

Market Cap: ₦84.3b

Engages in the operation of hotels and restaurants.

Mutual Benefits Assurance

Market Cap: ₦82.3b

Engages in non-life insurance and risk management services to organizations and private individuals in Nigeria, Liberia, and Niger Republic.

Chemical and Allied Products

Market Cap: ₦81.3b

Manufactures and sells paints and coatings in Nigeria.

May & Baker Nigeria

Market Cap: ₦60.4b

May & Baker Nigeria Plc, together with its subsidiaries, manufactures, sells, and distributes human pharmaceuticals, human vaccines, and consumer products in Nigeria.

Berger Paints Nigeria

Market Cap: ₦22.0b

Manufactures, distributes, and sells paints and allied products in Nigeria.

ABC Transport

Market Cap: ₦14.9b

Provides road transportation and logistics services in Nigeria and Ghana.

Multiverse Mining and Exploration

Market Cap: ₦8.6b

Engages in the exploring, extracting, prospecting, boring, refining, drilling, production, quarry, and mining of mineral resources and other solid minerals in Nigeria.

McNichols

Market Cap: ₦7.3b

Manufactures, packages, markets, and distributes food and beverage products in Nigeria.