Nigerian Strong Past Earnings Growth, P/E Ratio Below 20

United Bank for Africa

Market Cap: ₦1.2t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Julius Berger Nigeria

Market Cap: ₦219.2b

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

AIICO Insurance

Market Cap: ₦58.6b

Engages in the provision of risk underwriting and related financial services in Nigeria.

Sunu Assurances Nigeria

Market Cap: ₦30.2b

Provides non-life insurance products in Nigeria.

Infinity Trust Mortgage Bank

Market Cap: ₦28.4b

Provides mortgage banking, construction finance, and other financial intermediation services to corporate and individual customers in Nigeria.

UPDC Real Estate Investment Trust

Market Cap: ₦16.1b

A real estate investment trust.

Cutix

Market Cap: ₦16.2b

Manufactures, markets, and sells electrical, automobile, and telecommunication wires, cables, and related products primarily in Nigeria.

May & Baker Nigeria

Market Cap: ₦12.8b

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: ₦5.5b

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

Meyer

Market Cap: ₦4.6b

Manufactures and sells paint, coating, adhesives, and flooring products in Nigeria.