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Nigerian (NSE) IT Industry Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies2
  • 7D-2.9%
  • 3M-11.9%
  • 1Y41.5%
  • YTD26.8%

Over the last 7 days, the IT industry has risen 4.1%, driven by gains from every company within the industry. In the last 12 months, the industry was up 53%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Aug 2026₦67.9b₦73.1b₦5.3b33x12.8x0.9x
Mon, 29 Jun 2026₦67.9b₦72.9b₦5.2b49.9x13.1x0.9x
Wed, 27 May 2026₦78.0b₦72.8b₦5.2b50.5x15x1.1x
Fri, 24 Apr 2026₦75.0b₦68.6b₦5.2b60.2x14.5x1.1x
Sun, 22 Mar 2026₦76.5b₦68.7b₦5.8b59.7x13.2x1.1x
Tue, 17 Feb 2026₦80.2b₦68.7b₦5.8b60x13.8x1.2x
Thu, 15 Jan 2026₦60.0b₦62.8b₦6.2b12.4x9.6x1x
Sat, 13 Dec 2025₦53.3b₦62.8b₦6.2b9.6x8.6x0.8x
Mon, 10 Nov 2025₦43.1b₦62.8b₦6.3b5.2x6.9x0.7x
Wed, 08 Oct 2025₦46.0b₦61.3b₦4.2b9x10.9x0.8x
Fri, 05 Sep 2025₦42.0b₦61.3b₦4.2b8.2x10x0.7x
Sun, 03 Aug 2025₦48.0b₦61.3b₦4.2b9.6x11.5x0.8x
Tue, 01 Jul 2025₦32.6b₦55.4b₦2.6b7.6x12.5x0.6x
Thu, 29 May 2025₦24.4b₦55.4b₦2.6b5.6x9.4x0.4x
Sat, 26 Apr 2025₦23.9b₦48.5b₦871.9m7.6x27.4x0.5x
Mon, 24 Mar 2025₦23.5b₦42.2b₦123.2m9.8x190.8x0.6x
Wed, 19 Feb 2025₦22.8b₦42.2b₦123.2m9.5x184.7x0.5x
Fri, 17 Jan 2025₦17.6b₦43.0b₦322.3m7.2x54.5x0.4x
Sun, 15 Dec 2024₦16.2b₦43.0b₦322.3m6.7x50.2x0.4x
Tue, 12 Nov 2024₦15.6b₦43.0b₦322.3m6.5x48.5x0.4x
Thu, 10 Oct 2024₦15.6b₦38.7b₦1.2b8x13.4x0.4x
Sat, 07 Sep 2024₦14.1b₦35.4b₦1.0b7.7x13.7x0.4x
Mon, 05 Aug 2024₦16.5b₦30.3b₦834.9m10.2x19.8x0.5x
Wed, 03 Jul 2024₦21.8b₦26.5b-₦710,570,000.0035.1x-30.7x0.8x
Fri, 31 May 2024₦15.2b₦26.5b-₦710,570,000.0025.6x-21.4x0.6x
Sun, 28 Apr 2024₦14.6b₦26.5b-₦710,570,000.0024.5x-20.6x0.6x
Tue, 26 Mar 2024₦15.5b₦26.3b-₦1,283,469,000.0025.2x-12.1x0.6x
Thu, 22 Feb 2024₦17.6b₦26.3b-₦1,283,469,000.0028.8x-13.7x0.7x
Sat, 20 Jan 2024₦21.8b₦26.3b-₦1,064,665,000.0036.9x-20.4x0.8x
Mon, 18 Dec 2023₦18.1b₦26.3b-₦1,064,665,000.0030.5x-17x0.7x
Wed, 15 Nov 2023₦21.4b₦26.3b-₦1,064,665,000.0036.2x-20.1x0.8x
Fri, 13 Oct 2023₦22.3b₦22.5b-₦1,950,827,000.0045.1x-11.4x1x
Sun, 10 Sep 2023₦15.0b₦22.5b-₦1,950,827,000.0030.1x-7.7x0.7x
Tue, 08 Aug 2023₦7.1b₦22.5b-₦1,950,827,000.0013.9x-3.7x0.3x
Price to Earnings Ratio

-3.7x


Total Market Cap: ₦7.1bTotal Earnings: -₦1,950,827,000.00Total Revenue: ₦22.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian IT Industry Price to Earnings3Y Average 11.5x202420252026
Current Industry PE
    There are only 2 companies in the Nigerian IT 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 IT industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 48% 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 industry?

NG Market-0.98%
Tech-1.83%
IT-2.89%
Data Processing Services0%0
IT Consulting-2.89%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 11.3x.
    • 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 Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.3x.
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?

CompanyLast Price7D1YValuation
No data available

Latest News

CWG
₦20.00
CWG
7D
-3.8%
1Y
7.0%
Narrative Update • Jun 04

Q1 2026: Thesis Check-In

The first quarter of 2026 delivered a reality check on our original valuation assumptions. Revenue growth decelerated, margins compressed, and annualised earnings now point to ₦2.40 (previous est.