Nigerian Strong Balance Sheet Stocks

Transnational Corporation of Nigeria

Market Cap: ₦505.6b

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

Guinea Insurance

Market Cap: ₦10.3b

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

CWG

Market Cap: ₦49.7b

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

Cornerstone Insurance

Market Cap: ₦117.3b

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

Red Star Express

Market Cap: ₦13.8b

Engages in the provision of courier, mail management, outsourcing, freight services, logistics, warehousing, and general haulage services in Nigeria.

Vitafoam Nigeria

Market Cap: ₦137.1b

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

eTranzact International

Market Cap: ₦157.3b

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

Lafarge Africa

Market Cap: ₦2.5t

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

Universal Insurance

Market Cap: ₦19.8b

Provides non-life insurance, risk underwriting, and related financial and hospitality services in Nigeria.

May & Baker Nigeria

Market Cap: ₦68.5b

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

Eunisell Interlinked

Market Cap: ₦38.7b

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

Chemical and Allied Products

Market Cap: ₦64.8b

Manufactures and sells paints and coatings in Nigeria.

Linkage Assurance

Market Cap: ₦36.4b

Engages in the non-life insurance business in Nigeria.

LASACO Assurance

Market Cap: ₦29.0b

Provides various insurance products and services in Nigeria.

Regency Alliance Insurance

Market Cap: ₦19.2b

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

International Breweries

Market Cap: ₦2.5t

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

Learn Africa

Market Cap: ₦6.8b

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

Veritas Kapital Assurance

Market Cap: ₦27.7b

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

UPDC

Market Cap: ₦105.8b

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

Nascon Allied Industries

Market Cap: ₦310.8b

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

Okomu Oil Palm

Market Cap: ₦1.2t

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

Northern Nigeria Flour Mills

Market Cap: ₦15.0b

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

Ikeja Hotel

Market Cap: ₦70.5b

Engages in the operation of hotels and restaurants.

University Press

Market Cap: ₦2.6b

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

UPDC Real Estate Investment Trust

Market Cap: ₦24.8b

A real estate investment trust.

McNichols

Market Cap: ₦7.0b

Manufactures, packages, markets, and distributes food and beverage products in Nigeria.

Sunu Assurances Nigeria

Market Cap: ₦26.8b

Provides non-life insurance products in Nigeria.

Mutual Benefits Assurance

Market Cap: ₦83.9b

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

Transcorp Power

Market Cap: ₦2.3t

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

BUA Foods

Market Cap: ₦14.4t

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

International Energy Insurance

Market Cap: ₦4.1b

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

AIICO Insurance

Market Cap: ₦157.0b

Provides risk underwriting and related financial services in Nigeria.

Sovereign Trust Insurance

Market Cap: ₦51.9b

Provides non-life and special risk insurance in Nigeria.

Initiates

Market Cap: ₦13.3b

Provides waste management, industrial cleaning, and decontamination services.

Prestige Assurance

Market Cap: ₦24.6b

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

Nigerian Aviation Handling

Market Cap: ₦214.4b

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