Nigerian Strong Balance Sheet Stocks

Transnational Corporation of Nigeria

Market Cap: ₦508.6b

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

CWG

Market Cap: ₦40.4b

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

Cornerstone Insurance

Market Cap: ₦138.4b

Offers risk underwriting and related financial services for corporate and individual customers in Nigeria.

Guinea Insurance

Market Cap: ₦12.9b

Provides general insurance products and services to individuals and corporate organizations in Nigeria.

Lafarge Africa

Market Cap: ₦2.2t

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

Meyer

Market Cap: ₦8.3b

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

eTranzact International

Market Cap: ₦98.0b

A payment technology provider, engages in the processing of various types of electronic payment transactions using its switching platform worldwide.

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.

Eunisell Interlinked

Market Cap: ₦5.6b

Develops, manufactures, and markets various polymeric, porcelain, and metallic products in Nigeria.

Learn Africa

Market Cap: ₦6.0b

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

Linkage Assurance

Market Cap: ₦59.9b

Engages in the non-life insurance business in Nigeria.

Veritas Kapital Assurance

Market Cap: ₦34.9b

Provides non-life insurance products and services to individuals and businesses in Nigeria.

Regency Alliance Insurance

Market Cap: ₦18.1b

Provides general insurance products to institutional and individual clients in Nigeria and the West African sub-region.

UPDC

Market Cap: ₦133.6b

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

LASACO Assurance

Market Cap: ₦49.9b

Provides various insurance products and services in Nigeria.

Chemical and Allied Products

Market Cap: ₦57.8b

Manufactures and sells paints and coatings in Nigeria.

International Breweries

Market Cap: ₦2.1t

Engages in the brewing, packaging, and marketing of beer, alcoholic flavored/non-alcoholic beverages, and soft drinks in Nigeria.

Nascon Allied Industries

Market Cap: ₦244.6b

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

Okomu Oil Palm

Market Cap: ₦973.0b

Engages in the cultivation and plantation of oil palm and rubber in Nigeria.

Northern Nigeria Flour Mills

Market Cap: ₦15.5b

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

UPDC Real Estate Investment Trust

Market Cap: ₦21.3b

A real estate investment trust.

University Press

Market Cap: ₦2.9b

Engages in the printing, publishing, sale, and distribution of educational books and materials in Nigeria and internationally.

Berger Paints Nigeria

Market Cap: ₦9.3b

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

Mutual Benefits Assurance

Market Cap: ₦70.2b

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

NEM Insurance

Market Cap: ₦181.1b

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

Sunu Assurances Nigeria

Market Cap: ₦36.9b

Provides non-life insurance products in Nigeria.

Aradel Holdings

Market Cap: ₦2.3t

An integrated energy company, engages in the exploration, production, refining, and distribution of oil and gas products in Nigeria and internationally.

Transcorp Power

Market Cap: ₦2.1t

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

Sovereign Trust Insurance

Market Cap: ₦46.1b

Provides non-life and special risk insurance in Nigeria.

Cutix

Market Cap: ₦27.8b

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

Prestige Assurance

Market Cap: ₦28.9b

A general insurance company, provides non-life insurance products in Nigeria.

Initiates

Market Cap: ₦12.9b

Provides waste management, industrial cleaning, and decontamination services.

AIICO Insurance

Market Cap: ₦153.4b

Provides risk underwriting and related financial services in Nigeria.

BUA Foods

Market Cap: ₦10.6t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Nigerian Aviation Handling

Market Cap: ₦203.1b

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