10 Best Nigerian stocks to buy for long-term investment

The Nigerian Exchange Group is Nigeria’s official stock exchange. Over 300 companies list their stocks on the Nigerian Stock exchange for investors to trade. 

Have you been advised to invest in Nigerian stocks but are unsure of which stock to invest in? Search no more; this article is all you need. 

We provide a list of the 10 best Nigerian stocks you can buy for long-term investment, in no particular order. 

Recommended: 10 Best stockbrokers in Nigeria

The top stocks to trade in the Nigerian Stock Exchange

1. International Breweries (NGX: INTBREW)

International Breweries Plc manufactures and distributes soft drinks, beer, and alcoholic and non-alcoholic beverages.

On April 26, 1994, International Breweries Plc was registered on the Nigerian Stock Exchange as a public limited liability company.

International Breweries, with a market capitalization of 134 billion Naira and roughly 0.5% of the NGX’s equity market, is currently one of the most lucrative businesses on the Nigerian Stock Exchange.

The company began its 2022 journey with a share price of 4.95 Naira and then appreciated by 1.01%, pushing it to one of the top spots in terms of results so far this year.

2. United African Company (UAC) of Nigeria (NGX: UACN)

UAC of Nigeria Plc is a leading force in the food, property development, and shipping industries. The company is divided into 5 sections, which are paints, foods and beverages, logistics, real estate, and others

UAC Nigeria has a market capitalization of 32.3 billion Naira and a share of the equity market of around 0.1%. UAC Nigeria is one of the most valuable stocks on the Nigerian stock exchange.

UAC’s share price started the year at 9.50 naira and has since grown by 17.9%, making it one of the top-performing stocks on the stock exchange.

Recommended: Most profitable investment opportunities in Nigeria

3. Transnational Corporation of Nigeria Plc (NGX: TRANSCORP)

Transcorp specializes in the purchase and organization of important businesses that offer long-term shareholder earnings and community impact.

Its operational sectors include oil and gas, agro-allied, corporate centre, and power. The Transcorp Hilton Hotels in Abuja and Calabar stand out among Transcorp’s diverse portfolio of investments.

Transcorp has a market capitalization of 45.5 billion Naira and accounts for at least 0.17% of the stock market.

Transcorp is currently ranked 36th on the Nigerian stock exchange based on its performance after its share price, which began the year at 0.96 Naira, moved by 16.7%.

4. Unilever Nigeria (NGX: UNILEVER)

Unilever Nigeria Plc produces and sells items for home and personal care. Its two main product categories are food products and home and personal care. Sales of spices and beverages are included in the food products category.

The home and personal care category includes the sales of products for dental care, household cleaning, skincare, and detergents.

With a market capitalization of 77.6 billion Naira, Unilever Nigeria is the 27th most lucrative stock on the stock exchange.

5. Guaranty Trust Holding (NGX: GTCO)

GTCO offers commercial banking services such as fixed deposits, loans, hard currency, current accounts, overdrafts, and other credit services.

Corporate banks, microfinance banks, commercial banks, and merchant banks are included in this category of retail and corporate banking.

Guaranty Trust Holdings ranks as the 10th most bankable stock on the NGX and accounts for about 2.27% of the stock market with a market capitalization of 605 billion Naira.

Recommended: How to save or invest money with PiggyVest

6. MTN Nigeria Communications Plc (NGX: MTNN)

MTN Nigeria Communication Plc, formerly MTN Nigeria Communication Ltd., is engaged in the installation and management of Global System for Mobile Communication (GSM) networks as well as other related services in this sector.

The company offers a variety of products and services, including mobile financial services, telephone services, and broadband wireless services.

MTN Nigeria is third on the Nigerian Stock Exchange with a market cap of 4.09 trillion Naira or 15.4% of the stock market.

The year’s performance of MTN’s share price has climbed by 2.03% from 197 Naira, moving it up to the 50th position on the Nigerian Stock Exchange.

7. Flour Mills of Nigeria (NGX: FLOURMILL)

Flour Mills Nigeria Plc makes pasta, refined sugar, noodles, and animal feeds in addition to milling flour. The company is subdivided into segments such as food, sugar, agro-allied, and other support services.

The company has a market cap of 135 billion Naira, making up 0.507% of Nigeria’s equity market. Its share price has climbed by 16.1% since its January starting valuation of 28.35 Naira, ranking it 38th in terms of performance.

8. Stanbic IBTC Holdings (NGX: STANBIC)

Stanbic IBTC Holdings Plc offers banking and other related financial services for people and companies. It runs its operations through the following categories: wealth management, investment banking, and personal banking. Personal banking offers a variety of debit cards, credit facilities for property acquisition, and other financial services.

The company was founded in Lagos, Nigeria’s commercial capital. It accounts for 1.41% of the equity market valuation of the Nigerian Stock Exchange.

9. Dangote Sugar Refinery (NGX: DANSUGAR)

Dangote Sugar Refinery Plc is in the business of processing crude sugar into edible sugar. The company also grows and mills sugar cane to produce refined sugar.

Some of its sub-regions include Lagos, the South Western, the South Eastern, and Northern Nigeria.

The company was established in Lagos, Nigeria, in March 2000. The market cap of the Dangote Sugar Refinery is currently N201 billion, or 0.8% of the equity market.

10. FBN Holdings Plc (NGX: FBNH)

First Bank of Nigeria Holdings Plc is a financial service and commercial banking company with operations in ten countries.

The segments that make up this system are firms engaged in commercial banking, firms engaged in retail banking and wealth management, and yet others.

The commercial banking segment offers financial services to both individuals and corporations.

FBN Holdings Plc is currently the 11th most valuable stock on the NGX with a market cap of 388 billion Naira.

Recommended: Guide to stock investment in Nigeria

Conclusion

The list was compiled based on the current information at the time of filing the article. You should know that investing might be risky because stock prices are unstable. Therefore, it is crucial to make wise investments.

Note: This is just a guide, not financial advice. Please do your own research.