Nigerian Potentially Undervalued Companies

Zenith Bank

Market Cap: ₦1.9t

Provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally.

Presco

Market Cap: ₦785.0b

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

Nestlé Nigeria

Market Cap: ₦772.8b

Manufactures, markets, and distributes food products in Nigeria.

Guaranty Trust Holding

Market Cap: ₦1.2t

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.

MRS Oil Nigeria

Market Cap: ₦55.5b

MRS Oil Nigeria Plc markets and distributes refined petroleum products in Nigeria.

Caverton Offshore Support Group

Market Cap: ₦8.7b

Provides marine and aviation logistics services to the oil and gas industry in Nigeria and Sub-Sahara Africa.

NCR (Nigeria)

Market Cap: ₦788.4m

Provides technology and services that help businesses to connect, interact, and transact with customers in Nigeria.

May & Baker Nigeria

Market Cap: ₦13.8b

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

Learn Africa

Market Cap: ₦2.6b

Engages in the publishing, distribution, and marketing of educational materials and textbooks for nursery, primary, secondary, and tertiary levels of learning in Nigeria.

Stanbic IBTC Holdings

Market Cap: ₦796.9b

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

UH Real Estate Investment Trust

Market Cap: ₦10.7b

n/a

TotalEnergies Marketing Nigeria

Market Cap: ₦216.3b

TotalEnergies Marketing Nigeria Plc markets and distributes refined petroleum products in Nigeria and internationally.

Ellah Lakes

Market Cap: ₦12.0b

Engages in the oil palm, cassava, soybean, maize, and rice plantation in Nigeria.

PZ Cussons Nigeria

Market Cap: ₦147.3b

Manufactures, distributes, and sells various consumer products and home appliances to wholesalers in Nigeria and internationally.

Ikeja Hotel

Market Cap: ₦21.0b

Engages in the operation of hotels and restaurants.

Academy Press

Market Cap: ₦2.2b

Provides printing services in Nigeria.

Aradel Holdings

Market Cap: ₦2.3t

Aradel Holdings PLC, an integrated energy company, engages in the exploration, production, refining, and distribution of oil and gas products in Nigeria and internationally.

Guinness Nigeria

Market Cap: ₦175.2b

Engages in brewing, packaging, marketing, and selling whisky, vodka, liqueur, gin, spirits, beers, non-alcoholic drinks, and ready-to-drink products primarily in Nigeria.

Nigerian Aviation Handling

Market Cap: ₦121.9b

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

FCMB Group

Market Cap: ₦356.4b

Provides various banking and financial services to the wholesale and retail customers in Nigeria and Europe.

Daar Communications

Market Cap: ₦5.3b

Operates as a media and entertainment company in Nigeria.

First HoldCo

Market Cap: ₦969.2b

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

Lafarge Africa

Market Cap: ₦1.2t

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

Nascon Allied Industries

Market Cap: ₦118.9b

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

Access Holdings

Market Cap: ₦1.2t

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