Nigerian Top Dividend Stocks

Guaranty Trust Holding

Market Cap: ₦4.3t

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.

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: ₦3.8t

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

United Bank for Africa

Market Cap: ₦2.0t

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

FCMB Group

Market Cap: ₦556.4b

Provides various banking and financial services in Nigeria and Europe.

Lafarge Africa

Market Cap: ₦3.3t

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

United Capital

Market Cap: ₦324.9b

Provides investment banking, portfolio management, securities trading, and trusteeship 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.

SFS Real Estate Investment Trust Fund

Market Cap: ₦8.4b

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Nascon Allied Industries

Market Cap: ₦398.9b

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

Nigerian Aviation Handling

Market Cap: ₦319.5b

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

Transnational

Market Cap: ₦492.9b

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

Cornerstone Insurance

Market Cap: ₦98.0b

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

Consolidated Hallmark Holdings

Market Cap: ₦54.2b

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

Africa Prudential

Market Cap: ₦61.0b

Provides technology and share registration services to public and private companies 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: ₦20.0b

A real estate investment trust.