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Nigerian (NSE) Tech Sector Analysis
UpdatedApr 12, 2026
DataAggregated Company Financials
Companies3
- 7D-8.7%
- 3M9.5%
- 1Y152.3%
- YTD12.9%
Over the last 7 days, the Tech industry has dropped 8.7%, driven by a pullback from CWG of 11%. This takes the industry's 12 month performance to a gain of 152%.
Sector Valuation and Performance
Has the Nigerian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 12 Apr 2026 | ₦101.1b | ₦86.3b | ₦5.7b | 57.9x | 17.8x | 1.2x |
| Tue, 10 Mar 2026 | ₦112.9b | ₦86.2b | ₦6.4b | 63.7x | 17.7x | 1.3x |
| Thu, 05 Feb 2026 | ₦125.6b | ₦86.2b | ₦6.4b | 72.5x | 19.7x | 1.5x |
| Sat, 03 Jan 2026 | ₦89.6b | ₦78.0b | ₦6.2b | 9.6x | 14.5x | 1.1x |
| Mon, 01 Dec 2025 | ₦70.8b | ₦78.0b | ₦6.2b | 8.2x | 11.5x | 0.9x |
| Wed, 29 Oct 2025 | ₦68.1b | ₦77.8b | ₦5.6b | 6x | 12.3x | 0.9x |
| Fri, 26 Sep 2025 | ₦60.4b | ₦77.7b | ₦4.1b | 8.6x | 14.7x | 0.8x |
| Sun, 24 Aug 2025 | ₦55.4b | ₦77.7b | ₦4.1b | 8.4x | 13.5x | 0.7x |
| Tue, 22 Jul 2025 | ₦57.1b | ₦70.7b | ₦3.0b | 23.6x | 19.2x | 0.8x |
| Thu, 19 Jun 2025 | ₦33.9b | ₦70.4b | ₦3.7b | 7.5x | 9.3x | 0.5x |
| Sat, 17 May 2025 | ₦37.2b | ₦70.4b | ₦3.7b | 8.1x | 10.2x | 0.5x |
| Mon, 14 Apr 2025 | ₦30.8b | ₦63.0b | ₦2.0b | 7.9x | 15.8x | 0.5x |
| Wed, 12 Mar 2025 | ₦32.1b | ₦56.7b | ₦1.2b | 9.2x | 26.6x | 0.6x |
| Fri, 07 Feb 2025 | ₦30.9b | ₦56.7b | ₦1.2b | 8.9x | 25.6x | 0.5x |
| Sun, 05 Jan 2025 | ₦29.2b | ₦58.2b | ₦1.1b | 10.9x | 26.9x | 0.5x |
| Tue, 03 Dec 2024 | ₦24.8b | ₦58.2b | ₦1.1b | 9.4x | 22.9x | 0.4x |
| Thu, 31 Oct 2024 | ₦26.0b | ₦52.3b | -₦458,488,000.00 | 8.4x | -56.7x | 0.5x |
| Sat, 28 Sep 2024 | ₦24.1b | ₦51.2b | ₦801.9m | 7.4x | 30.1x | 0.5x |
| Mon, 26 Aug 2024 | ₦25.1b | ₦47.9b | ₦669.4m | 8.3x | 37.4x | 0.5x |
| Wed, 24 Jul 2024 | ₦26.8b | ₦40.3b | -₦606,639,000.00 | 23x | -44.2x | 0.7x |
| Fri, 21 Jun 2024 | ₦24.9b | ₦37.0b | -₦743,672,000.00 | 25x | -33.4x | 0.7x |
| Sun, 19 May 2024 | ₦23.4b | ₦37.0b | -₦743,672,000.00 | 26.3x | -31.5x | 0.6x |
| Tue, 16 Apr 2024 | ₦27.9b | ₦35.9b | -₦1,222,692,000.00 | 74.2x | -22.8x | 0.8x |
| Thu, 14 Mar 2024 | ₦26.7b | ₦35.7b | -₦1,203,654,000.00 | 80.4x | -22.2x | 0.7x |
| Sat, 10 Feb 2024 | ₦29.1b | ₦35.7b | -₦1,203,654,000.00 | 87.8x | -24.2x | 0.8x |
| Mon, 08 Jan 2024 | ₦35.7b | ₦37.1b | -₦1,152,655,320.00 | 17590.8x | -31x | 1x |
| Wed, 06 Dec 2023 | ₦29.0b | ₦37.1b | -₦1,152,655,320.00 | 15875.4x | -25.1x | 0.8x |
| Fri, 03 Nov 2023 | ₦33.8b | ₦36.2b | -₦1,363,212,337.00 | 36.2x | -24.8x | 0.9x |
| Sun, 01 Oct 2023 | ₦30.2b | ₦32.4b | -₦2,249,373,337.00 | 45.1x | -13.4x | 0.9x |
| Tue, 29 Aug 2023 | ₦19.9b | ₦32.4b | -₦2,249,373,337.00 | 23.4x | -8.8x | 0.6x |
| Thu, 27 Jul 2023 | ₦15.6b | ₦28.0b | -₦544,803,219.00 | 14.3x | -28.7x | 0.6x |
| Sat, 24 Jun 2023 | ₦9.4b | ₦28.0b | -₦544,803,219.00 | 8.8x | -17.2x | 0.3x |
| Mon, 22 May 2023 | ₦7.4b | ₦25.9b | -₦590,534,219.00 | 8.2x | -12.5x | 0.3x |
| Wed, 19 Apr 2023 | ₦5.2b | ₦24.3b | -₦782,742,184.00 | 12.1x | -6.7x | 0.2x |
Price to Earnings Ratio
-6.7x
Current Industry PE
- There are only 3 companies in the Nigerian Information Technology industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 53% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Tech sector?
| NG Market | 0.86% | |
| Tech | -8.72% | |
| Tech Hardware | 0% | 0 |
| IT | -7.87% | |
| Software | -10.67% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the IT industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.9x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OMATEK Omatek Ventures | ₦2.07 | 1.0% +₦58.8m | 233.9% | PB9.8x |