Talking about buying stocks, shares and investments in Nigerian companies, the Nigerian Stock Exchange (NGX, officially Nigerian Exchange Group) is a leading integrated market infrastructure in Africa that provides capital access to companies seeking to take advantage of the financial markets to fund their business expansion.
Nigerian Stock Exchange provides the available list of stocks, shares and pool of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.
The stock buying process is not as complex as it sounds. However, if you’re have been doing some research about the best stocks to invest in Nigeria before making the first purchase, we have got you covered.
Best Stocks to Invest in Nigeria.
Here are the best stocks to invest in Nigeria right now:
1. Zenith Bank Plc.
Zenith Bank Plc is a Nigerian commercial bank providing services to corporate, commercial, and individual customers.
The company’s core businesses include corporate and investment banking, commercial and consumer banking, trade services and foreign exchange, treasury and cash management services, and other non-bank financial services through its subsidiaries.
Zenith Bank became a public limited company in June 2004 and was listed on the Nigerian Stock Exchange in October the same year, following a highly successful IPO.
Zenith Bank Plc currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital.
Zenith Bank Plc is ranks one of the top Stocks to invest in Nigeria according to year-to-date performance, starting the year with a price of 23.80 NGN, showing an increase of 3.23. Zenith Bank is also the fifth-most traded stock in the past few years, with trading volume of more than 737 million shares.
2. Royal Exchange Assurance.
In 1918, our company started operations in Nigeria represented by Barclays Bank DCO and on February 28, 1921, converted to a full branch of its then parent company, Royal Exchange Assurance, London.
Royal Exchange Assurance, London, was originally founded in 1720 and was one of the first two insurance companies in Britain to receive legal status via Royal Charter. Originally established for marine business, it expanded within a year to include fire and life insurance as well, thereby becoming Britain’s first composite insurer. The establishment of the branch in Nigeria was the result of an overseas expansion drive in the early 20th century.
The Royal Exchange brand is a good Stocks to invest in Nigeria due to its significant profit, especially in the field of insurance and stocks. The company ensure its continued relevance in the environment in which it has chosen to operate by continuously reinventing its products and services.
In 2020, Royal Exchange Plc achieved a group-wide total gross written premium growth of N15.3billion at the end of the financial year.
The chairman, Kenny Ezeanwani Odogwu disclosed this at it’s 52nd Annual General Meeting (AGM) held in its held office, that gross written premium grew by eight percent from N14.21 billion recorded in 2019, this he said represents 99% of the budget figure for the period.
3. Conoil Plc.
Conoil Plc engages in the marketing of refined petroleum products, lubricants, household and liquefied petroleum gas for domestic and industrial use.
It operates through the following segments: White Products, Lubricants, and Liquefied Petroleum Gas. The White Products segment involves in the sale of premium motor spirit, aviation turbine kerosene, dual purpose kerosene, low-pour fuel oil, and automotive gasoline or grease oil.
The Lubricants segment includes lubricants transport, lubricants industrial, greases, process oil, and bitumen products.
The Liquefied Petroleum Gas segment offers liquefied petroleum gas-bulk, liquefied petroleum gas-packed, cylinders, and valves. The company was founded in 1960 and is headquartered in Logas, Nigeria.
Conoil Plc started the year with 20.85 NGN, and it has since increased by 7.19% to a price of 22.35 NGN, ranking it 53rd on the NGX where year-to-date performance is concerned.
CONOIL is one of the best stocks to invest in Nigeria as it is rated 87th most-traded stock on the NGX and it has traded a total volume of 6.35 million shares, which were sold in 1,340 deals, at a value of NGN 139 million. CONOIL achieved an all-time high trading volume of 695,146 on August 2021.
4. Seplat Energy PLC.
Seplat Energy is a leading independent oil and gas exploration and production company listed on the Nigerian & London Stock Exchanges.
Seplat Energy PLC started the year with a share price of 402.30 NGN, and it has increased by 88.8% on this price valuation which ranks it 10th on the NGX where year-to-date performance is concerned.
Since raising $535m at our IPO in 2014, Seplat Energy have paid investors more than $400m in dividends. Prudent approach to financial management, strong balance sheet.
5. MTN Nigeria.
If you’ re thinking about best stocks to invest in Nigeria, investing in MTN shares is a good idea as it is Nigeria’s largest GSM Company.
MTN Nigeria has already been listed on the Nigerian Stock Exchange since 2019. MTN Nigeria is ranked 62nd on the NGX where year-to-date performance is concerned, having started the year with a share price of 172.50 NGN, having gained 1.53% on this price valuation.
MTN Nigeria is the 37th most-traded share on the NGX and in the past three months, a total volume of 90.3 million shares was traded in 5,621 deals which were valued at a total of NGN 15.1 billion.
Recently, MTN Group Limited announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.
The Group disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria. This was made known in a notice signed by the company’s secretary, Uto Ukpanah and filed with The Exchange.
6. Honeywell Flour Mill.
Honeywell Flour Mills Plc, a flour milling company, manufactures and markets wheat-based products in Nigeria.
The company’s products include flour, semolina, wheat meal, and brown flour, as well as pasta and noodles. It offers its products under the Honeywell brand.
The company was formerly known as Gateway Honeywell Flour Mills Limited and changed its name to Honeywell Flour Mills Plc in June 1995.
Honeywell Flour Mills Plc was founded in 1983 and is headquartered in Lagos, Nigeria. Honeywell Flour Mills Plc operates as a subsidiary of Honeywell Group.
Honeywell Flour Mill is a manufacturer and marketer of various wheat-based products which range from flour, semolina, noodles, pasta, and more.
Honeywell Flour Mill began the year with a share price of 1.20 NGN, and it has gained 217% on this price valuation, which ranks it third on the NGX where year-to-date performance is considered.
Investors are optimistic about HONYFLOUR shares, knowing that it has accused 85% in four weeks which make it one of the best stocks to invest in Nigeria.
7. Dangote Cement Plc.
Dangote Cement Plc, together with its subsidiaries, engages in the preparation, manufacture, and distribution of cement and related products in Nigeria. It operates in two segments, Nigeria and Pan Africa.
The company is involved in bagging, distribution, and sale of cement; cement grinding; limestone mining; coal and power production; and manufacture of ceramic products, as well as providing contracting services.
It has operations in Cameroon, Congo, Ethiopia, Ghana, Senegal, Sierra Leone, South Africa, Tanzania, and Zambia. The company was formerly known as Obajana Cement Plc and changed its name to Dangote Cement Plc in July 2010.
The company was incorporated in 1992 and is headquartered in Lagos, Nigeria. Dangote Cement Plc is a subsidiary of Dangote Industries Limited.
The current share price of Dangote Cement (DANGCEM) is NGN 280.00. DANGCEM closed its last trading day for 2021 at 280.00 NGN per share on the Nigerian Stock Exchange (NGX).
8. Nestlé Nigeria Plc.
Nestlé Nigeria Plc manufactures, markets, and distributes food products in Nigeria. The company operates through two segments, Food and Beverages.
It offers food products under the Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn brands; and beverage drinks under the Milo, Milo energy cube, Nescafe, Milo ready-to-drink, and Nestlé Pure Life brands; and coffee products under the Nescafé brand.
The company also provides purified water. In addition, it exports its products to other countries in Africa and internationally. The company was founded in 1961 and is headquartered in Lagos, Nigeria. Nestlé Nigeria Plc is a subsidiary of Nestlé S.A.
9. Guaranty Trust Holding Company Plc.
Guaranty Trust Holding Company Plc operates as a financial holding company for Guaranty Trust Bank Plc that provides commercial banking services in Nigeria, rest of West Africa, East Africa, and Europe.
The company offers current accounts, deposits, overdrafts, loans and other credit facilities, foreign currency and derivative products, private banking services, investment savings products, custody, credit and debit cards, consumer loans, and mortgages products.
10. Access Bank Plc.
Access Bank Plc, issuers of the ACCESS stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. Access Bank Plc is rated one of the best brand to invest in Nigeria.
Access Bank offer perfect opportunity for investors with access to foreign currency to take advantage of local currency yields in Nigeria.
Access Bank Plc, together with its subsidiaries, provides various banking products and services in Nigeria, rest of Africa, and Europe. It operates through four segments: Corporate and Investment Banking, Commercial Banking, Retail banking, and Business Banking.
The company accepts current, saving, domiciliary, corporate, and call accounts; and tenured and fixed rate deposits. Its loan products include cash-backed, device finance, auto, personal, payday, advance for school fees, salary advance, vehicle finance, home, W power, term and time, fleet financing, plant and machinery financing, mortgage, contract financing, overdrafts, drawing against confirmed drafts, working capital, supply chain, trade, and project and structured finance.
11. BUA Cement Plc.
BUA Cement Plc manufactures and sells cement under the BUA Cement brand in Nigeria and internationally. It offers bagged and bulk cements. BUA Cement Plc manufactures construction materials.
The Company produces and markets cement products. BUA Cement serves clients in Nigeria and has one of the best stock for investors in Nigeria.
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