Nigerian Top Dividend Payers

Guaranty Trust Holding

Market Cap: ₦4.2t

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.

FCMB Group

Market Cap: ₦511.5b

Provides various banking and financial services in Nigeria and Europe.

Dangote Cement

Market Cap: ₦13.6t

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

Zenith Bank

Market Cap: ₦4.2t

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

United Bank for Africa

Market Cap: ₦2.1t

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

Lafarge Africa

Market Cap: ₦3.6t

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

Presco

Market Cap: ₦2.3t

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

United Capital

Market Cap: ₦333.0b

Provides investment banking, portfolio management, securities trading, and trusteeship services in Nigeria.

SFS Real Estate Investment Trust Fund

Market Cap: ₦8.4b

n/a

Nascon Allied Industries

Market Cap: ₦410.8b

Engages in the processing of raw salt into refined, edible, and grade salt in Nigeria.

Unilever Nigeria

Market Cap: ₦540.0b

Manufactures and markets food, home care, and beauty and personal care products primarily in Nigeria and internationally.

NEM Insurance

Market Cap: ₦168.8b

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

Nigerian Aviation Handling

Market Cap: ₦340.1b

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

Cornerstone Insurance

Market Cap: ₦108.4b

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

Transnational

Market Cap: ₦487.8b

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

Vitafoam Nigeria

Market Cap: ₦177.1b

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

Chemical and Allied Products

Market Cap: ₦80.7b

Manufactures and sells paints and coatings in Nigeria.

Consolidated Hallmark Holdings

Market Cap: ₦54.9b

Through its subsidiaries, primarily provides insurance products and services in Nigeria.

Stanbic IBTC Holdings

Market Cap: ₦2.1t

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

Africa Prudential

Market Cap: ₦61.6b

Provides technology and share registration services to public and private companies in Nigeria.

Learn Africa

Market Cap: ₦7.4b

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

MTN Nigeria Communications

Market Cap: ₦15.1t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Okomu Oil Palm

Market Cap: ₦1.7t

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

UPDC Real Estate Investment Trust

Market Cap: ₦18.9b

A real estate investment trust.

Industrial and Medical Gases Nigeria

Market Cap: ₦24.5b

Manufactures and sells industrial, medical, and special gases in Nigeria.