Nigerian High Return On Equity, Low Debt

Dangote Cement

Market Cap: ₦11.1t

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

Lafarge Africa

Market Cap: ₦2.1t

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

Stanbic IBTC Holdings

Market Cap: ₦1.8t

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

Wema Bank

Market Cap: ₦700.8b

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

Transnational Corporation of Nigeria

Market Cap: ₦457.3b

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

Nascon Allied Industries

Market Cap: ₦267.5b

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

Custodian Investment

Market Cap: ₦249.7b

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

Beta Glass

Market Cap: ₦236.2b

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

Jaiz Bank

Market Cap: ₦200.7b

Provides non-interest banking services in Nigeria.

Honeywell Flour Mills

Market Cap: ₦165.7b

Manufactures and markets wheat-based products in Nigeria.

NEM Insurance

Market Cap: ₦140.5b

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

Vitafoam Nigeria

Market Cap: ₦117.6b

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

Mutual Benefits Assurance

Market Cap: ₦74.2b

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: ₦59.5b

Manufactures and sells paints and coatings in Nigeria.

Consolidated Hallmark Holdings

Market Cap: ₦43.8b

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

Ikeja Hotel

Market Cap: ₦37.5b

Engages in the operation of hotels and restaurants.

Berger Paints Nigeria

Market Cap: ₦11.9b

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

Academy Press

Market Cap: ₦6.8b

Provides printing services in Nigeria.

Multiverse Mining and Exploration

Market Cap: ₦5.5b

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

International Energy Insurance

Market Cap: ₦3.5b

Engages in general insurance business in the oil and energy sector.