Nigeria's most profitable listed companies by return on equity
Return on equity above 20% means these companies generated more than 20 kobo of profit for every naira of shareholder capital in their most recent verified fiscal year.
NGX stocks under 5x P/ENGX dividend yields above 8%NGX stocks with ROE above 20%NGX revenue growth above 25%
54 matches of 112 covered NGX listings
| Company | Sector | Price | Mkt cap | P/E | Div. yield | ROE | Net margin | Rev. growth | Period |
|---|---|---|---|---|---|---|---|---|---|
| FTNCOCOA FTN Cocoa Processors Plc | AGRICULTURE | ₦7.45 | ₦29.1B | 7.8x* | — | 337.8%* | 87.6% | — | Q1-2026 ↗ |
| NESTLE Nestlé Nigeria Plc | CONSUMER GOODS | ₦2,750 | ₦2.2T | 14.0x* | — | 302.1%* | 12.0% | — | Q1-2026 ↗ |
| PZ PZ Cussons Nigeria Plc | CONSUMER GOODS | ₦65.5 | ₦260.1B | 5.2x* | — | 239.5%* | 19.8% | — | 9M-2026 ↗ |
| MTNN MTN Nigeria Communications Plc | ICT | ₦825 | ₦17.3T | 12.2x* | — | 157.3%* | 23.7% | — | Q1-2026 ↗ |
| OKOMUOIL Okomu Oil Palm Plc | AGRICULTURE | ₦1,276.2 | ₦1.2T | 12.9x* | — | 130.4%* | 40.0% | — | Q1-2026 ↗ |
| CADBURY Cadbury Nigeria Plc | CONSUMER GOODS | ₦57 | ₦130B | 8.9x* | — | 85.3%* | 9.1% | — | Q1-2026 ↗ |
| GUINNESS Guinness Nigeria Plc | CONSUMER GOODS | ₦423 | ₦926.5B | 22.3x* | — | 77.4%* | 8.5% | — | Q1-2026 ↗ |
| BUAFOODS BUA Foods Plc | CONSUMER GOODS | ₦760.6 | ₦13.7T | 24.0x* | — | 66.5%* | 36.1% | — | Q1-2026 ↗ |
| ZICHIS Zichis Agro Allied Industries Plc | AGRICULTURE | ₦18.4 | ₦11B | 12.1x* | — | 65.4%* | 54.5% | — | Q1-2026 ↗ |
| TIP The Initiates Plc | SERVICES | ₦25.95 | ₦23.1B | 5.1x* | — | 65.2%* | 31.5% | — | Q1-2026 ↗ |
| UACN UAC of Nigeria Plc | CONGLOMERATES | ₦181 | ₦529.6B | 10.1x* | — | 65.0%* | 7.1% | — | Q1-2026 ↗ |
| NAHCO Nigerian Aviation Handling Company Plc | SERVICES | ₦151.2 | ₦294.7B | 16.2x* | — | 59.2%* | 27.4% | — | Q1-2026 ↗ |
| CWG CWG Plc | ICT | ₦18 | ₦45.4B | — | — | 57.9%* | 7.8% | — | Q1-2026 ↗ |
| TRANSPOWER Transcorp Power Plc | UTILITIES | ₦178 | ₦1.3T | 11.2x* | — | 55.3%* | 31.4% | — | Q1-2026 ↗ |
| BUACEMENT BUA Cement Plc | INDUSTRIAL GOODS | ₦293.4 | ₦9.9T | 27.9x | 3.4% | 52.9% | 30.2% | — | FY2025 ↗ |
| BAPLC Briclinks Africa Plc | ICT | ₦6.25 | ₦62.5M | 1.1x* | — | 52.3%* | 10.6% | — | Q1-2026 ↗ |
| FIDSON Fidson Healthcare Plc | HEALTHCARE | ₦83.5 | ₦191.6B | 11.0x* | — | 52.1%* | 10.7% | — | Q1-2026 ↗ |
| WAPCO Lafarge Africa Plc | — | — | — | — | — | 49.5%* | 29.3% | — | Q1-2026 ↗ |
| VITAFOAM Vitafoam Nigeria Plc | CONSUMER GOODS | ₦174.6 | ₦218.4B | 12.3x* | — | 48.1%* | 15.3% | — | H1-2026 ↗ |
| LINKASSURE Linkage Assurance Plc | FINANCIAL SERVICES | ₦1.6 | ₦29.6B | 1.2x* | — | 47.3%* | 97.6% | — | Q1-2026 ↗ |
| NASCON NASCON Allied Industries Plc | CONSUMER GOODS | ₦183.5 | ₦495.9B | 14.8x | 3.3% | 47.1% | 22.0% | — | FY2025 ↗ |
| GEREGU Geregu Power Plc | UTILITIES | ₦825.7 | ₦2.1T | 75.8x | — | 46.5% | 14.7% | — | FY2025 ↗ |
| PRESCO Presco Plc | AGRICULTURE | ₦1,840.8 | ₦2.1T | 10.9x* | — | 41.3%* | 48.8% | — | Q1-2026 ↗ |
| CAP Chemical and Allied Products Plc | INDUSTRIAL GOODS | ₦110 | ₦89.6B | 15.6x | 3.6% | 40.3% | 12.8% | 23.4% | FY2025 ↗ |
| ABCTRANS ABC Transport Plc | SERVICES | ₦6.6 | ₦15.8B | 16.5x* | — | 39.6%* | 5.6% | — | Q1-2026 ↗ |
| DANGCEM Dangote Cement Plc | INDUSTRIAL GOODS | ₦1,420 | ₦24T | 23.7x | — | 38.7% | 23.6% | — | FY2025 ↗ |
| TRANSCORP Transnational Corporation Plc | CONGLOMERATES | ₦33.5 | ₦340.4B | 3.9x* | — | 38.6%* | 30.3% | — | Q1-2026 ↗ |
| ETERNA Eterna Plc | OIL AND GAS | ₦38.9 | ₦50.7B | 17.4x | 1.3% | 37.6% | 1.0% | -3.6% | FY2025 ↗ |
| NEIMETH Neimeth International Pharmaceuticals Plc | HEALTHCARE | ₦6.9 | ₦29.5B | 0.3x | — | 37.2% | 13.3% | 64.3% | FY2025 ↗ |
| STANBIC Stanbic IBTC Holdings Plc | FINANCIAL SERVICES | ₦164.9 | ₦2.6T | 5.8x* | — | 36.5%* | 43.2% | — | Q1-2026 ↗ |
| BERGER Berger Paints Nigeria Plc | INDUSTRIAL GOODS | ₦147.6 | ₦42.8B | 23.4x* | — | 33.6%* | 13.5% | — | Q1-2026 ↗ |
| MCNICHOLS McNichols Consolidated Plc | CONSUMER GOODS | ₦5.35 | ₦6B | 19.2x | — | 33.5% | 5.0% | 6.9% | FY2025 ↗ |
| MAYBAKER May & Baker Nigeria Plc | HEALTHCARE | ₦38 | ₦65.6B | 14.7x | — | 32.5% | 11.6% | — | FY2025 ↗ |
| WEMABANK Wema Bank Plc | FINANCIAL SERVICES | ₦31 | ₦1.2T | 4.3x | — | 31.3% | 29.4% | — | FY2025 ↗ |
| JAIZBANK Jaiz Bank Plc | FINANCIAL SERVICES | ₦7.8 | ₦347.8B | 11.5x | — | 30.6% | 29.3% | 24.1% | FY2025 ↗ |
| HONYFLOUR Honeywell Flour Mills Plc | CONSUMER GOODS | ₦22.55 | ₦178.8B | 10.8x | 0.9% | 30.6% | 4.6% | -3.4% | FY2026 ↗ |
| BETAGLAS Beta Glass Plc | INDUSTRIAL GOODS | ₦511.5 | ₦306.9B | 9.8x* | — | 30.2%* | 20.9% | — | Q1-2026 ↗ |
| CUSTODIAN Custodian Investment Plc | CONGLOMERATES | ₦64.7 | ₦380.6B | 6.1x* | — | 28.4%* | 22.2% | — | Q1-2026 ↗ |
| NGXGROUP Nigerian Exchange Group Plc | FINANCIAL SERVICES | ₦164.8 | ₦323.7B | — | — | 27.9%* | 56.7% | — | Q1-2026 ↗ |
| TRANSCOHOT Transcorp Hotels Plc | SERVICES | ₦290.5 | ₦3T | 132.0x* | — | 25.5%* | 25.3% | — | Q1-2026 ↗ |
| MECURE MeCure Industries Plc | HEALTHCARE | ₦56.2 | ₦224.8B | 41.3x* | — | 25.3%* | 6.7% | — | Q1-2026 ↗ |
| MEYER Meyer Plc | INDUSTRIAL GOODS | ₦17.5 | ₦9.3B | 15.1x* | — | 24.9%* | 11.3% | — | Q1-2026 ↗ |
| UNILEVER Unilever Nigeria Plc | CONSUMER GOODS | ₦109 | ₦626.2B | 22.3x* | — | 24.5%* | 11.9% | — | Q1-2026 ↗ |
| NPFMCRFBK NPF Microfinance Bank Plc | FINANCIAL SERVICES | ₦4.2 | ₦25.2B | 6.2x* | — | 24.5%* | 24.3% | — | Q1-2026 ↗ |
| GTCO Guaranty Trust Holding Company Plc | FINANCIAL SERVICES | ₦120.9 | ₦4.4T | 5.1x* | — | 24.1%* | 46.7% | — | Q1-2026 ↗ |
| UCAP United Capital Plc | FINANCIAL SERVICES | ₦16.85 | ₦303.3B | 1.9x* | — | 23.7%* | 57.0% | — | Q1-2026 ↗ |
| MBENEFIT Mutual Benefits Assurance Plc | FINANCIAL SERVICES | ₦3.04 | ₦61B | 3.8x | 1.3% | 23.5% | 20.5% | 19.6% | FY2025 ↗ |
| MANSARD AXA Mansard Insurance Plc | FINANCIAL SERVICES | ₦10.75 | ₦96.8B | 6.7x* | — | 23.4%* | 7.3% | — | Q1-2026 ↗ |
| INFINITY Infinity Trust Mortgage Bank Plc | FINANCIAL SERVICES | ₦11.25 | ₦46.9B | 17.4x | — | 21.8% | 39.8% | — | FY2025 ↗ |
| FIDELITYBK Fidelity Bank Plc | FINANCIAL SERVICES | ₦22 | ₦1.1T | 4.0x* | — | 21.5%* | 17.1% | — | Q1-2026 ↗ |
| ZENITHBANK Zenith Bank Plc | FINANCIAL SERVICES | ₦120 | ₦4.9T | 4.7x | — | 21.1% | 24.8% | — | FY2025 ↗ |
| ABBEYBDS Abbey Mortgage Bank Plc | — | — | — | — | — | 20.1% | 10.8% | — | FY2025 ↗ |
| CNIF Coronation Infrastructure Fund | CONSTRUCTION/REAL ESTATE | ₦154.3 | ₦13.6B | — | — | 20.1% | 93.7% | 75.4% | FY2025 ↗ |
| AIICO AIICO Insurance Plc | FINANCIAL SERVICES | ₦3.8 | ₦139.1B | 6.8x* | — | 20.0%* | 8.3% | — | Q1-2026 ↗ |
Coverage: 112 NGX listings so far, growing weekly as new filings are checked and published. Ratios use the latest verified full fiscal year against live NGX prices. Figures marked * are annualized from the latest verified quarterly results and update automatically once the full-year filing is verified. Mansa Markets is a data platform, not a licensed investment adviser — nothing here is investment advice. Every figure links to the company's official source filing.