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Nigerian (NSE) Food Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies13
  • 7D2.3%
  • 3M22.9%
  • 1Y107.2%
  • YTD2.2%

Over the last 7 days, the Food industry has risen 2.3%, driven by gains from every company within the industry. This means that the industry has gained 107% over the past year. Earnings are forecast to grow by 45% annually.

Industry Valuation and Performance

Has the Nigerian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026₦19.0t₦4.2t₦708.7b24.3x26.8x4.5x
Sun, 07 Dec 2025₦16.6t₦4.2t₦708.8b14.7x23.4x3.9x
Tue, 04 Nov 2025₦16.6t₦4.2t₦706.5b14.7x23.5x3.9x
Thu, 02 Oct 2025₦15.4t₦4.0t₦570.9b14.3x27x3.8x
Sat, 30 Aug 2025₦14.6t₦4.0t₦570.5b14.5x25.7x3.6x
Mon, 28 Jul 2025₦12.3t₦3.8t₦472.0b14.7x26.1x3.2x
Wed, 25 Jun 2025₦11.8t₦3.7t₦376.9b12.8x31.3x3.2x
Fri, 23 May 2025₦10.0t₦3.7t₦372.4b12.3x26.9x2.7x
Sun, 20 Apr 2025₦9.6t₦3.4t₦210.2b11.4x45.8x2.8x
Tue, 18 Mar 2025₦9.6t₦3.3t₦257.9b12.6x37.4x3x
Thu, 13 Feb 2025₦9.1t₦2.6t₦446.8b10.3x20.4x3.5x
Sat, 11 Jan 2025₦8.7t₦2.2t₦322.6b10.9x27x4x
Mon, 09 Dec 2024₦8.4t₦5.2t₦351.1b9x24x1.6x
Wed, 06 Nov 2024₦8.4t₦5.1t₦342.1b9.2x24.5x1.6x
Fri, 04 Oct 2024₦8.4t₦4.5t₦269.7b13.8x31.2x1.9x
Sun, 01 Sep 2024₦8.4t₦4.5t₦269.6b10x31.1x1.9x
Tue, 30 Jul 2024₦7.9t₦4.0t₦188.1b11.3x42.1x2x
Thu, 27 Jun 2024₦7.9t₦4.0t₦200.8b17.4x39.2x2x
Sat, 25 May 2024₦7.7t₦3.7t₦206.3b9.5x37.4x2.1x
Mon, 22 Apr 2024₦8.2t₦3.7t₦122.1b11.4x67.5x2.2x
Wed, 20 Mar 2024₦8.4t₦3.7t₦131.6b11x63.9x2.3x
Fri, 16 Feb 2024₦7.6t₦3.7t₦207.4b17.2x36.7x2.1x
Sun, 14 Jan 2024₦5.8t₦3.4t₦203.6b13.3x28.7x1.7x
Tue, 12 Dec 2023₦5.1t₦3.4t₦203.6b11.6x24.9x1.5x
Thu, 09 Nov 2023₦5.2t₦3.4t₦203.6b11.6x25.5x1.5x
Sat, 07 Oct 2023₦5.1t₦3.2t₦215.2b16x23.8x1.6x
Mon, 04 Sep 2023₦4.8t₦3.2t₦202.0b15.1x23.6x1.5x
Wed, 02 Aug 2023₦3.6t₦2.9t₦257.3b11.7x13.8x1.2x
Fri, 30 Jun 2023₦4.4t₦3.4t₦266.1b10.6x16.6x1.3x
Sun, 28 May 2023₦3.8t₦3.4t₦266.0b11x14.4x1.1x
Tue, 25 Apr 2023₦3.5t₦3.3t₦243.7b11.1x14.2x1.1x
Thu, 23 Mar 2023₦3.4t₦3.3t₦247.5b10.3x13.9x1.1x
Sat, 18 Feb 2023₦3.0t₦3.2t₦219.1b10.3x13.5x0.9x
Mon, 16 Jan 2023₦2.9t₦3.0t₦216.7b10.6x13.6x1x
Price to Earnings Ratio

13.6x


Total Market Cap: ₦2.9tTotal Earnings: ₦216.7bTotal Revenue: ₦3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Food Industry Price to Earnings3Y Average 28.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Nigerian Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.6x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 48% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Nigerian Consumer Staples industry?

NG Market3.60%
Consumer Staples3.26%
Food2.29%
Agricultural Products11.63%
Packaged Foods and Meats0.83%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 37.2x.
    • Analysts are expecting annual earnings growth of 45.2%, which is lower than the prior year's growth of 126.0% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 45% over the next 5 years.
  • However this is lower than its past earnings growth rate of 126% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 45% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PRESCO Presco₦1.64k12.8%
+₦185.0b		209.7%PE12.1x
DANGSUGAR Dangote Sugar Refinery₦71.0017.9%
+₦131.2b		115.2%PS1.1x
OKOMUOIL Okomu Oil Palm₦1.21k10.2%
+₦106.4b		171.7%PE16x
NASCON Nascon Allied Industries₦120.0011.6%
+₦33.8b		279.7%PE10.5x
ELLAHLAKES Ellah Lakes₦15.7013.8%
+₦7.3b		414.8%PS842.4x

Latest News

FTNCOCOA
₦6.66
FTN Cocoa Processors
7D
21.1%
1Y
238.1%
OKOMUOIL
₦1,206.50
Okomu Oil Palm
7D
10.2%
1Y
171.7%
LIVESTOCK
₦7.00
Livestock Feeds
7D
15.7%
1Y
50.9%
ELLAHLAKES
₦15.70
Ellah Lakes
7D
13.8%
1Y
414.8%
PRESCO
₦1,635.00
Presco
7D
12.8%
1Y
209.7%

Presco Plc – Rights Issue Records 103% Subscription, Underscoring Strong Investor Confidence

Author: Qudus Adebara (Founder of Wane Investment House) Executive Summary Presco Plc, Nigeria’s leading fully integrated edible oils and fats company, has successfully completed its recently concluded Rights Issue, achieving a 103% subscription level. The oversubscription reflects strong shareholder participation and deep investor confidence in Presco’s strategic direction, operational resilience, and long-term growth prospects.
HONYFLOUR
₦22.50
Honeywell Flour Mills
7D
-2.2%
1Y
124.6%
CADBURY
₦63.00
Cadbury Nigeria
7D
5.2%
1Y
176.3%
NASCON
₦120.00
Nascon Allied Industries
7D
11.6%
1Y
279.7%
DANGSUGAR
₦71.00
Dangote Sugar Refinery
7D
17.9%
1Y
115.2%

Dangote Sugar Refinery Plc – $700 Million Backward Integration Drive to Achieve Sugar Self-Sufficiency

Analyst: Qudus Adebara (Founder of Wane Investment House and Wane Trading Club) Investment Overview Dangote Sugar Refinery Plc (“DSR” or “the Company”), a member of the Dangote Group, has announced a significant $700 million investment commitment to accelerate its Backward Integration Programme (BIP) under Nigeria’s National Sugar Master Plan (NSMP). The investment covers: Land acquisition and development for sugarcane plantations Procurement of machinery and processing equipment Infrastructure and irrigation systems Manpower development and community engagement Corporate Social Responsibility (CSR) initiatives The programme is designed to ensure Nigeria achieves self-sufficiency in refined sugar production and eliminates the importation of raw sugar in the medium term.