The Nigerian Exchange Group (NGX) is a financial services company based in Lagos, Nigeria. It operates the Nigerian Stock Exchange (NSE), which is the principal stock exchange in Nigeria. The NSE is a market where securities, such as shares of publicly traded companies and government bonds, are bought and sold. The NGX also offers a number of other financial services, such as market data, clearing and settlement, and index calculation. The Securities and Exchange Commission of Nigeria is in charge of the NGX, and its main job is to give people a place to buy and sell securities in a fair and open way.
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In this article, I will provide a list of the 10 best Nigerian stocks you can buy for long-term investment.
Contents
List of the 10 best stocks to trade in the Nigerian Stock Exchange
In no particular order, here is the list of the 10 best Nigerian stocks for long-term investing.
- International Breweries (NGX: INTBREW)
- United African Company (UAC) of Nigeria (NGX: UACN)
- Transnational Corporation of Nigeria Plc (NGX: TRANSCORP)
- Unilever Nigeria (NGX: UNILEVER)
- Guaranty Trust Holding (NGX: GTCO)
- MTN Nigeria Communications Plc (NGX: MTNN)
- Flour Mills of Nigeria (NGX: FLOURMILL)
- Stanbic IBTC Holdings (NGX: STANBIC)
- Dangote Sugar Refinery (NGX: DANSUGAR)
- FBN Holdings Plc (NGX: FBNH)
1. International Breweries (NGX: INTBREW)
The firm makes and sells soft drinks, beer, and other alcoholic and nonalcoholic drinks. It became a public limited liability company on April 26, 1994. This was done by the Nigerian Stock Exchange. The company is one of the most profitable businesses on the Nigerian Stock Exchange right now. It has a market capitalization of 134 billion naira and makes up about 0.5% of the NGX’s equity market.
The company started 2022 with a share price of 4.95 Naira. It then went up by 1.01%, which put it in one of the top spots so far this year in terms of results.
2. United African Company (UAC) of Nigeria (NGX: UACN)
UAC of Nigeria Plc is a major player in the food, shipping, and real estate industries. The business is split into 5 parts: paints, food and drinks, logistics, real estate, and others. The market capitalization of UAC Nigeria is 32,3 billion naira, and it has a 0.1% share of the equity market. On the Nigerian stock market, UAC Nigeria is one of the most valuable equities.
UAC’s share price started the year at 9.50 naira and has grown by 17.9% since then, making it one of the best-performing stocks on the stock exchange.
3. Transnational Corporation of Nigeria Plc (NGX: TRANSCORP)
Transcorp buys and organizes important businesses that will make money for shareholders and help the community for a long time. It works in the oil and gas, agro-allied, corporate center, and power industries. The firm has a wide range of investments, but the Transcorp Hilton Hotels in Abuja and Calabar stand out.
Transcorp is worth at least 0.17% of the stock market and has a market value of 45.5 billion naira. Currently, it is ranked 36th on the Nigerian stock exchange based on how well it has done. This is because the price of its shares, which started the year at 0.96 naira, has gone up by 16.7%.
4. Unilever Nigeria (NGX: UNILEVER)
The Unilever Nigeria Plc makes and sells items for cleaning and taking care of yourself and your home. Its two main types of products are food and care for the home and body. Spices and drinks are sold in the same way as other food products. The sales of dental care, cleaning, skin care, and detergents are all part of the home and personal care category. Unilever Nigeria is the 27th most valuable stock on the stock exchange. It has a market capitalization of 77.6 billion naira.
5. Guaranty Trust Holding (NGX: GTCO)
GTCO offers commercial banking services like fixed deposits, loans, hard currency, current accounts, overdrafts, and other credit services. In this category of retail and corporate banking, you can find corporate banks, microfinance banks, commercial banks, and merchant banks. Guaranty Trust Holdings is the 10th most bankable stock on the NGX. It has a market capitalization of 605 billion naira and makes up about 2.27% of the stock market.
6. MTN Nigeria Communications Plc (NGX: MTNN)
Formally known as MTN Nigeria Communication Ltd., the company sets up and manages Global System for Mobile Communication (GSM) networks and provides other services in the same field. The company sells a wide range of products and services, such as mobile financial services, phone services, and broadband wireless services. MTN Nigeria is third on the Nigerian Stock Exchange. It has a market cap of 4.09 trillion naira, which is 15.4% of the stock market.
MTN’s share price has gone up by 2.03% over the past year, from 197 Naira to 202 Naira. This has moved it up to the 50th spot on the Nigerian Stock Exchange.
7. Flour Mills of Nigeria (NGX: FLOURMILL)
In addition to milling flour, Flour Mills Nigeria Plc also makes refined sugar, noodles, pasta, and feed for animals. The business is divided into segments like food, sugar, agro-allied, and other support services. The market capitalization of the company is 135 billion Naira, which is 0.507% of Nigeria’s stock market. Its share price has gone up by 16.1% since January, when it was worth 28.35 naira. This makes it the 38th best performer.
8. Stanbic IBTC Holdings (NGX: STANBIC)
The firm helps people and businesses with their banking and other financial needs. It has three main areas of business: wealth management, investment banking, and personal banking. Personal banking gives you access to a variety of debit cards, credit for buying a home, and other financial services. The company was started in Lagos, which is the business capital of Nigeria. It makes up 1.41 percent of the value of all the stocks on the Nigerian Stock Exchange.
9. Dangote Sugar Refinery (NGX: DANSUGAR)
The Dangote Sugar Refinery Plc’s job is to turn raw sugar into sugar that can be eaten. Sugar cane is also grown and milled by the company to make refined sugar. In March 2000, the company was set up in Lagos, Nigeria. The Refinery is worth N201 billion right now, which is 0.8% of the equity market.
10. FBN Holdings Plc (NGX: FBNH)
First Bank of Nigeria Holdings Plc is a company that does financial services and commercial banking in ten different countries. Firms that do commercial banking, retail banking, wealth management, and other types of banking make up different parts of this system. Both individuals and businesses can get financial help from the commercial banking segment. With a market cap of 388 billion Naira, FBN Holdings Plc is currently the 11th most valuable stock on the NGX.
Conclusion
That wraps up our list of Best Nigerian stocks if you are looking to invest for the long term.
The list was made based on what was known at the time this article was written. You should know that investing can be risky because the prices of stocks change all the time. So, it’s important to make smart investments.
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