Nigerian Net Cash Stocks With A Growth Track Record

Lafarge Africa

Market Cap: ₦5.3t

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

Nigerian Exchange Group

Market Cap: ₦359.0b

Through its subsidiaries, operates as a stock exchange in Nigeria.

AIICO Insurance

Market Cap: ₦164.0b

Provides risk underwriting and related financial services in Nigeria.

NEM Insurance

Market Cap: ₦150.5b

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

Chemical and Allied Products

Market Cap: ₦142.7b

Manufactures and sells paints and coatings in Nigeria.

Cornerstone Insurance

Market Cap: ₦104.6b

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

Ikeja Hotel

Market Cap: ₦95.1b

Engages in the operation of hotels and restaurants.

Coronation Insurance

Market Cap: ₦65.7b

Through its subsidiaries, engages in underwriting of life and non-life insurance for individuals and corporate entities.

Red Star Express

Market Cap: ₦29.3b

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

UPDC Real Estate Investment Trust

Market Cap: ₦26.9b

A real estate investment trust.

UH Real Estate Investment Trust

Market Cap: ₦15.9b

Union Homes Real Estate Investment Trust (UH REIT) now UH Real Estate Investment was listed on the Nigeria Stock Exchange (NSE) in 2008 and commenced full operations February 2009 with a net asset sum of N12.876 Billion

Learn Africa

Market Cap: ₦10.0b

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

McNichols

Market Cap: ₦8.7b

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

SFS Real Estate Investment Trust Fund

Market Cap: ₦8.4b

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