Nigerian Strong Balance Sheet Stocks

CWG

Market Cap: ₦19.9b

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

AIICO Insurance

Market Cap: ₦57.1b

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

Guinea Insurance

Market Cap: ₦5.5b

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

Cornerstone Insurance

Market Cap: ₦52.3b

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

Meyer

Market Cap: ₦4.6b

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

Universal Insurance

Market Cap: ₦8.3b

Engages in the provision of non-life insurance, risk underwriting, and related financial and hospitality services in Nigeria.

Unity Bank

Market Cap: ₦17.7b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Lafarge Africa

Market Cap: ₦1.2t

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

eTranzact International

Market Cap: ₦52.9b

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

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.

International Breweries

Market Cap: ₦886.9b

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

UPDC

Market Cap: ₦58.1b

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

UH Real Estate Investment Trust

Market Cap: ₦8.7b

n/a

Chemical and Allied Products

Market Cap: ₦33.8b

Engages in the manufacture and sale of paints and coatings in Nigeria.

LASACO Assurance

Market Cap: ₦3.8b

Provides various insurance products and services in Nigeria.

Linkage Assurance

Market Cap: ₦18.8b

Engages in the non-life insurance business in Nigeria.

Regency Alliance Insurance

Market Cap: ₦6.6b

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

SFS Real Estate Investment Trust Fund

Market Cap: ₦4.1b

n/a

Nascon Allied Industries

Market Cap: ₦118.8b

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

Okomu Oil Palm

Market Cap: ₦520.1b

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

UPDC Real Estate Investment Trust

Market Cap: ₦15.7b

A real estate investment trust.

University Press

Market Cap: ₦1.5b

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

Northern Nigeria Flour Mills

Market Cap: ₦15.6b

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

Aradel Holdings

Market Cap: ₦2.2t

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

Sunu Assurances Nigeria

Market Cap: ₦32.0b

Provides non-life insurance products in Nigeria.

McNichols

Market Cap: ₦1.8b

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

Initiates

Market Cap: ₦4.2b

A waste management company, provides industrial cleaning and decontamination services to the private and public sectors.

BUA Foods

Market Cap: ₦7.5t

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

Cutix

Market Cap: ₦16.2b

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

Nigerian Aviation Handling

Market Cap: ₦127.7b

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

Prestige Assurance

Market Cap: ₦13.3b

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

Sovereign Trust Insurance

Market Cap: ₦13.2b

Provides non-life and special risk insurance in Nigeria.

AXA Mansard Insurance

Market Cap: ₦68.1b

AXA Mansard Insurance Plc, together with its subsidiaries, underwrites life and non-life insurance contracts in Nigeria.

Transnational Corporation of Nigeria

Market Cap: ₦416.1b

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

Transcorp Power

Market Cap: ₦2.7t

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

John Holt

Market Cap: ₦3.0b

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