Nigerian Potentially Undervalued Companies

Nascon Allied Industries

Market Cap: ₦240.5b

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

CWG

Market Cap: ₦41.7b

Engages in the supply, installation, integration, maintenance, and support of computer equipment, e-payment hardware, and ancillary equipment in Nigeria, Ghana, Uganda, and Cameroon.

Eterna

Market Cap: ₦49.6b

An integrated energy company, manufactures and sells lubricating oils and petrochemicals in Nigeria.

United Bank for Africa

Market Cap: ₦2.0t

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

ABC Transport

Market Cap: ₦10.8b

Provides road transportation and logistics services in Nigeria and Ghana.

NCR (Nigeria)

Market Cap: ₦1.2b

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

SCOA Nigeria

Market Cap: ₦3.6b

Engages in the distribution, maintenance, and leasing of motor vehicles in Nigeria.

John Holt

Market Cap: ₦2.7b

John Holt Plc, together with its subsidiaries, assembles, sells, leases, and services power equipment in Nigeria.

Vitafoam Nigeria

Market Cap: ₦102.4b

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

Honeywell Flour Mills

Market Cap: ₦178.4b

Manufactures and markets wheat-based products in Nigeria.

Presco

Market Cap: ₦1.5t

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

Northern Nigeria Flour Mills

Market Cap: ₦15.5b

Engages in the milling of wheat, sorghum, maize, and other grains in Nigeria.

Academy Press

Market Cap: ₦6.8b

Provides printing services in Nigeria.

Guaranty Trust Holding

Market Cap: ₦2.4t

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.

Lafarge Africa

Market Cap: ₦2.2t

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

UPDC

Market Cap: ₦120.6b

Develops, sells, and manages real estate assets in Nigeria.

Dangote Cement

Market Cap: ₦8.7t

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

Chemical and Allied Products

Market Cap: ₦57.2b

Manufactures and sells paints and coatings in Nigeria.

Zenith Bank

Market Cap: ₦2.9t

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

Access Holdings

Market Cap: ₦1.4t

Operates as the financial holding company of Access Bank Plc that provide various banking products and services in Nigeria, rest of Africa, and Europe.