Top 10 NGX Nigeria Stocks to Buy in 2026

Last updated: 15 June 2026 | Reading time: ~10 minutes

The Nigerian Exchange (NGX) has been one of the best-performing equity markets in the world in 2026. The benchmark NGX All-Share Index sits near 244,739 points, up roughly 57% so far this year, while total market capitalisation has climbed to about ₦156.97 trillion (around $115 billion). A more stable naira, cooling inflation, a falling interest-rate path and a wave of record corporate earnings have combined to pull both domestic and diaspora money back into Lagos-listed equities. You can track every name in this article in real time on Mansa Markets Nigeria.

Three big themes define the 2026 market. First, the banking recapitalisation is done: the Central Bank of Nigeria's 31 March 2026 deadline passed with the tier-1 lenders comfortably over the line, having raised roughly ₦4.65 trillion in fresh capital across the sector — leaving the survivors better capitalised and, in several cases, paying record dividends. Second, the energy story is structural: the Dangote refinery has reached full 650,000-barrel-a-day capacity, Nigeria has become a net petrol exporter, and a landmark refinery IPO is expected to land on the NGX later this year (see our Dangote refinery IPO guide). Third, consumer and industrial heavyweights have rebounded hard as FX stabilised, turning last year's loss-makers into this year's profit machines.

The ten stocks below were chosen for a balance of scale, liquidity, dividend strength and exposure to those themes — spanning cement, telecoms, banking, energy, consumer goods, agriculture and power. For a look back at what worked last year, see our roundup of the best-performing NGX stocks of 2025. Prices below are live from the Mansa Markets feed as of 15 June 2026.

## 1. Dangote Cement (NGX: DANGCEM)

Sector: Industrial / Cement | Share Price: ~₦1,155 | Dividend Yield: ~3.9% (₦45 final dividend for FY2025)

Dangote Cement remains the heavyweight of the NGX, with a market capitalisation north of ₦19 trillion — the single most valuable company on the exchange. Its FY2025 results were exceptional: group revenue rose about 20% to ₦4.31 trillion, and group net profit more than doubled (up 102%) to ₦1.02 trillion, lifting earnings per share to roughly ₦59.86. The board rewarded shareholders with a final dividend of ₦45 per share, with a 17 June 2026 qualification date and 2 July payout.

The investment case is its pan-African footprint. Roughly a quarter of net sales now come from operations outside Nigeria, giving holders FX-diversified earnings as export volumes and intra-African trade grow. With Nigeria's construction and housing demand structurally underserved, Dangote Cement is a core, lower-volatility anchor for any NGX portfolio.

Why buy in 2026: Africa's cement champion just doubled profit and is throwing off serious dividend cash — a defensive blue-chip with pan-African upside.

## 2. MTN Nigeria (NGX: MTNN)

Sector: ICT / Telecom | Share Price: ~₦800 | Dividend Yield: moderate (₦15 final dividend for FY2025)

MTN Nigeria is the year's great turnaround story. After two punishing years of FX-driven losses, the telco has roared back to profitability. Q1 2026 pre-tax profit jumped about 170% to ₦546 billion, its second-best quarter on record, on revenue of ₦1.49 trillion (up nearly 42% year on year). The recovery is built on FX stability, a 50% tariff adjustment that customers absorbed without churning, and relentless growth in data and fintech.

With around 90 million subscribers, more than 50 million data users and a fast-scaling MoMo fintech arm, MTN sits at the centre of Nigeria's digital economy. Data now contributes more than half of revenue. If FX stays calm, annualised 2026 revenue could approach ₦6 trillion, and the resumption of meaningful dividends has restored its appeal as a growth-plus-income holding.

Why buy in 2026: A genuine profit boom, 90m subscribers and a fintech kicker — MTN is the cleanest way to own Nigeria's data and digital-payments growth.

## 3. BUA Foods (NGX: BUAFOODS)

Sector: Consumer Goods | Share Price: ~₦939 | Dividend Yield: ~3.0% (₦28 dividend for FY2025)

BUA Foods has been one of the NGX's compounding machines, and FY2025 underlined why. Revenue rose to ₦1.77 trillion while profit after tax surged 95% to ₦518 billion, lifting EPS to ₦28.80 and powering a dividend hike to ₦28 per share — a payout up roughly 115%. Q1 2026 showed the model's resilience: even as revenue eased on softer pricing and a calmer naira, profit after tax still grew 14% to ₦142 billion on better margins and lower input costs.

Operating across sugar, flour, pasta, rice and edible oils, BUA Foods is a direct play on Nigeria's vast, food-inflation-exposed consumer base of more than 200 million people. Vertical integration and import-substitution tailwinds give it pricing power and a long growth runway.

Why buy in 2026: Near-doubled profit, a fat dividend and pricing power across five food staples — a high-quality consumer compounder.

## 4. Seplat Energy (NGX: SEPLAT)

Sector: Oil & Gas | Share Price: ~₦11,364 | Dividend Yield: attractive and rising (9.0 US cents Q1 dividend)

Seplat is Nigeria's premier indigenous energy producer, and its transformational acquisition of ExxonMobil's onshore and shallow-water assets (MPNU) has reset the company's scale. FY2025 revenue rose 144% to $2.72 billion. Q1 2026 revenue hit $840.7 million, and the company doubled its dividend, declaring 9.0 US cents per share (up 96% year on year). Production averaged about 130,000 boepd, and Seplat has restored 49 previously idle ExxonMobil wells with dozens more targeted.

Crucially, Seplat pays its dividend in US dollars — a powerful draw for income investors wanting hard-currency cash flow from an NGX listing. With 2026 production guidance of 135,000–155,000 boepd and a long-term target of 200,000 boepd by 2030, plus growing gas exposure, Seplat offers leveraged upside to both volumes and oil prices.

Why buy in 2026: Scaled-up production after the Exxon deal, a doubled US-dollar dividend and a clear growth path to 200k boepd.

## 5. Guaranty Trust Holding (GTCO) (NGX: GTCO)

Sector: Banking | Share Price: ~₦135.95 | Dividend Yield: ~9% (₦12.76 total dividend for FY2025)

GTCO is the gold standard of Nigerian banking — consistently the most efficient and most profitable of the tier-1 lenders. FY2025 profit before tax came in at ₦1.23 trillion, with after-tax profit of ₦865.75 billion after the impact of new taxes on investment securities. Operationally the bank kept growing: the loan book expanded 12.4% and deposits jumped 23.8% to ₦12.87 trillion. Shareholders received a total dividend of ₦12.76 per share, a 59% increase year on year.

Having comfortably cleared the recapitalisation hurdle, GTCO enters 2026 over-capitalised, dual-listed in London, and increasingly diversified across payments, asset management and pension businesses under its holding-company structure. At a high-single-digit dividend yield and a low valuation, it is a classic income-plus-quality pick.

Why buy in 2026: Nigeria's best-run bank, a ~9% dividend yield and a diversified HoldCo — quality and income in one ticker.

## 6. Zenith Bank (NGX: ZENITHBANK)

Sector: Banking | Share Price: ~₦124.5 | Dividend Yield: ~8% (₦10.00 total dividend for FY2025)

Zenith Bank is the dividend story of the 2026 banking sector. FY2025 saw revenue cross ₦4 trillion and profit after tax reach a record ₦1.04 trillion, and the bank doubled its total dividend to ₦10.00 per share (an ₦8.75 final plus ₦1.25 interim). Momentum carried into Q1 2026, with pre-tax profit of ₦360.9 billion as revenue topped ₦1 trillion for the quarter.

Zenith successfully completed its recapitalisation and exited forbearance-linked exposures without sacrificing earnings — a sign of balance-sheet strength that few peers can match. For investors who want a large, liquid, conservatively run bank with a chunky and growing payout, Zenith is a core holding.

Why buy in 2026: Record ₦1tn profit, a doubled dividend and a fortress balance sheet post-recapitalisation — top-tier income at a low valuation.

## 7. Access Holdings (NGX: ACCESSCORP)

Sector: Banking | Share Price: ~₦24.7 | Dividend Yield: n/a for FY2025 (no final dividend declared)

Access Holdings is the scale-and-growth play in Nigerian banking. In FY2025 it crossed ₦1 trillion in profit before tax for the first time (₦1.01 trillion), with after-tax profit of ₦743 billion, gross earnings up to ₦5.53 trillion and total assets up 24% to ₦51.57 trillion. Q1 2026 continued the run with PBT of ₦272 billion. Its earnings engine is now genuinely pan-African, with a presence across more than 20 countries and rising contribution from its London operations.

One caveat: no final FY2025 dividend was declared, as CBN approvals were not obtained amid regulatory requirements following the capital raise — so Access is a capital-appreciation and franchise-growth story rather than an income pick today. The CBN's new cap on foreign equity stakes means some subsidiary sell-downs are coming, which should sharpen capital quality. For investors who believe in Africa's largest banking network at a single-digit price, the risk/reward is compelling.

Why buy in 2026: A ₦1tn-profit, pan-African banking giant trading below ₦30 — a growth bet on continental scale, best sized for total return rather than yield.

## 8. Nestlé Nigeria (NGX: NESTLE)

Sector: Consumer Goods | Share Price: ~₦3,125 | Dividend Yield: dividend resumption expected

Nestlé Nigeria is a premium consumer rebound story. After heavy FX-driven losses, the company returned to profit in FY2025 with a ₦105 billion profit (versus a ₦164.6 billion loss in 2024) on revenue up 26% to ₦1.21 trillion. Q1 2026 extended the recovery, with profit after tax up 29% to ₦38.99 billion and the stock among the year's strongest performers, up roughly 59%.

With iconic brands like Maggi, Milo and Golden Morn, Nestlé enjoys deep moats and pricing power across Nigeria's consumer market. Management has signalled a return to dividends as the balance sheet rebuilds equity — a potential catalyst for income investors who have waited through three lean years.

Why buy in 2026: A blue-chip consumer franchise back in profit, with a dividend resumption on the horizon and powerful household brands.

## 9. Presco (NGX: PRESCO)

Sector: Agriculture / Palm Oil | Share Price: ~₦2,300 | Dividend Yield: ~1.9% (₦44.66 total dividend for FY2025)

Presco is the standout in Nigerian agribusiness. FY2025 revenue surged nearly 60% to ₦331 billion and profit before tax jumped 57% to ₦178.56 billion, with a generous total dividend of ₦44.66 per share. Q1 2026 net profit edged up to ₦49.25 billion. The growth is being supercharged by acquisitions: Presco completed the 100% takeover of Ghana Oil Palm Development Company (GOPDC) in January 2026, added over 10,000 hectares of estates in Nigeria, and is pursuing further deals — turning it into a four-country edible-oils champion.

Africa runs a large structural palm-oil deficit, and Presco's vertically integrated, plantation-to-refinery model positions it to capture rising domestic and regional demand. It is one of the purest plays on African food security on the exchange.

Why buy in 2026: Surging profits, aggressive cross-border expansion and a direct play on Africa's palm-oil deficit — agribusiness growth with real momentum.

## 10. Geregu Power (NGX: GEREGU)

Sector: Utilities / Power | Share Price: ~₦1,132.5 | Dividend Yield: moderate (₦9.00 dividend for FY2025)

Geregu Power gives the portfolio exposure to Nigeria's vast power-supply gap. The generation company guided to a Q1 2026 after-tax profit of around ₦12 billion on revenue of roughly ₦57 billion, and continued to strengthen its balance sheet through Q1, cutting liabilities and lifting equity to ₦60.7 billion. For FY2025 it recommended a ₦9.00 dividend (a ₦22.5 billion payout), cementing its reputation alongside Transcorp Power as one of the NGX's emerging dividend stories in the power sector.

Nigeria's chronic electricity shortfall, tariff reforms and rising demand make independent generators a structural growth theme. As one of the more liquid, investor-friendly listed gencos, Geregu offers a differentiated, infrastructure-linked income stream that diversifies away from banks and consumer names.

Why buy in 2026: A liquid, dividend-paying play on Nigeria's electricity deficit — infrastructure exposure that diversifies a banks-and-consumer portfolio.

## How to buy these stocks

These ten names span cement, telecoms, banking, energy, consumer goods, agriculture and power — a deliberately diversified core for exposure to Nigeria's 2026 bull run. To trade them you'll need a brokerage account with an NGX-licensed stockbroker and a CSCS (Central Securities Clearing System) account; most local brokers now offer fully online onboarding, and diaspora investors can open accounts remotely. For a step-by-step walkthrough, read our guide on how to invest in African stocks from the US diaspora.

Track live prices, market caps, dividends and the NGX All-Share Index for every stock above on Mansa Markets Nigeria, and keep an eye on the much-anticipated Dangote refinery IPO as a potential eleventh name later this year.

This article is for informational purposes only and is not investment advice. Stock prices and dividends can fall as well as rise; always do your own research or consult a licensed financial adviser before investing.