Best Shares to Buy in Nigeria
The 7 Best Shares to Buy on the Nigerian Stock Exchange revealed. We have researched the shares listed on the NGX to find the best shares to buy right now. These Nigerian stocks are undervalued with a positive price-to-earnings ratio
7 Best Shares to Buy on the Nigerian Stock Exchange Revealed (2026):
How can you tell whether a company is a sound investment?
There is no way to predict whether an investment’s value will increase or decrease since the risk is inherent to the investment process. Numerous signs might help you determine if something will increase in value over time.
Often, an investment is profitable due to its capacity to complement other holdings in a portfolio. In the end, you should assess assets based on their ability to increase your net worth and help you attain financial stability.
Investing involves risk, and it is possible to determine if you have discovered a solid investment (or not) by analysing all the aspects that affect them. You may diversify your portfolio by investing in a variety of industries and sectors, overseas firms, and/or other sorts of assets.
7 best Shares to Buy on the Nigerian Stock Exchange
Currently, these equities have the greatest trading volumes on the Nigerian stock exchange. Huge volumes are often the consequence of a vast number of orders being completed at certain price levels when major market participants join the scene.
Where there is activity, there is the possibility for volatility, and where there is volatility, there is the opportunity for profit, as every trader knows.
Ecobank Transnational, Inc. (NGX: ETI)
ETI offers a comprehensive selection of wholesale, retail, investment, and transaction banking services and products to clients in Africa and beyond.
The bank’s balance sheet is exceptional, and it has a great record of accomplishment and remarkable profit growth.
Over the last year, profits increased by 324%, outpacing the industry’s earnings growth. Per forecasts, EPS climbed by 11,329% in 2026 compared to 2026.
Its year-to-date change in share price is 35% higher due to better market confidence. Its 1-y return (140%) outperformed the returns of the NG banks sector (16.7%) and the NG market (17%), which were 16.7% and 17% respectively.
Ecobank Transnational Inc. is the nineteenth most valuable stock on the NGX, having a market value of NGN 182 billion, which represents about 0.671% of the Nigerian Stock Exchange equity market.
Ecobank’s share price started the year at 8.70 NGN and has since increased by 13.8%, placing it 37th on the NGX in terms of year-to-date performance.
| ✅ Growth and Valuation | ℹ️ Information |
| Share Price | 9.90 NGN |
| 52-Week Range | 7.20 – 12.90 NGN |
| Three-Month Trading Volume | 372 million |
| Volume – Three-Month High | 258 million |
| Volume – Three-Month Low | 35,696 |
| Market Capitalization | 182 billion NGN |
| Earnings Per Share (EPS) | 4.63 NGN (TTM) |
| Price/Earnings Ratio (P/E) | 3.77 |
| Dividend Yield | 3.14% |
MTN Nigeria Ltd (NGX: MTNN)
In Nigeria, MTN Nigeria Communications PLC offers fixed wireless internet access, communications, and mobile banking services. Current income sources include Voice, Data, Digital, Fintech, and other sources.
Nonetheless, with the Central Bank of Nigeria’s (CBN) confirmation of the PSB license in principle, MTN remains promising since there are several opportunities to be discovered in the path of promoting financial inclusion.
Comparing 2026 to 2026, MTNN’s revenue increased by 23% to N1.65 trillion, above expert expectations by 3%.
In 2026, net income increased by 46% to N298.7 billion, causing profits per share to increase from N10.08 to N14.67. Revenue and profits are anticipated to increase by 10% and 20%, respectively, compared to the industry’s projected growth rate of 6.7% in Nigeria.
This is anticipated to continue in 2026 due to a solid client base, stringent cost-cutting efforts, and enhanced service delivery.
| ✅ Growth and Valuation | ℹ️ Information |
| Share Price | 190.00 NGN |
| 52-Week Range | 163.10 – 270 NGN |
| Three-Month Trading Volume | 199 million |
| Volume – Three-Month High | 42.9 million |
| Volume – Three-Month Low | 118,856 |
| Market Capitalization | 3.87 trillion NGN |
| Earnings Per Share (EPS) | 15.81 NGN (TTM) |
| Price/Earnings Ratio (P/E) | 10.78 |
| Dividend Yield | 6.91% |
Presco Plc (NGX: PRESCO)
Presco Plc is an agro-industrial firm that develops oil palm plantations, mills palm oil, processes palm kernels, and refines vegetable oils.
Its goods include refined palm oil that has been bleached and deodorized, palm olein, palm stearin, palm fatty acid distillate, crude and refined palm kernel oil, and palm kernel cake.
The company’s profits growth over the last year has outpaced its 5-year average growth rate of -17.5% each year.
Comparing 2026 to 2026, revenue and profitability increased by 97.69% and 258.57%, respectively, mostly due to a 70.56% reduction in interest expenditure. Overall, its EPS increased by 258,57%.
| ✅ Growth and Valuation | ℹ️ Information |
| Share Price | 158.40 NGN |
| 52-Week Range | 69.00 – 200.00 NGN |
| Three-Month Trading Volume | 48.9 million |
| Volume – Three-Month High | 6.58 million |
| Volume – Three-Month Low | 15,859 |
| Market Capitalization | 158 billion NGN |
| Earnings Per Share (EPS) | 21.37 NGN (TTM) |
| Price/Earnings Ratio (P/E) | 8.51 |
| Dividend Yield | 4.80% |
Dangote Sugar Refinery (NGX: DANGSUGAR)
In addition to being inexpensive, Dangote Sugar Refinery is a dividend-paying business, with a dividend yield of 6.27% and a pay-out ratio of 55%. In addition, the company’s dividend pay-outs have grown during the previous decade.
The stock is 26,1% undervalued relative to its true value, based on analysts’ target price of N21.58. Additionally, the stock is inexpensive relative to its competitors and the market.
Dangote Sugar Refinery is the eighteenth most valuable stock on the NGX with a market value of NGN 194 billion, which represents around 0.718% of the Nigerian Stock Exchange’s equity market.
| ✅ Growth and Valuation | ℹ️ Information |
| Share Price | 16.00 NGN |
| 52-Week Range | 15.00 – 18.50 NGN |
| Three-Month Trading Volume | 128 million |
| Volume – Three-Month High | 8.32 million |
| Volume – Three-Month Low | 195,930 |
| Market Capitalization | 194 billion NGN |
| Earnings Per Share (EPS) | 1.86 NGN (TTM) |
| Price/Earnings Ratio (P/E) | 6.72 |
| Dividend Yield | 6.25% |
FCMB Group Plc (NGX: FCMB)
FCMB Group Plc is a provider of financial services. Commercial and retail banking, investment banking, brokerage, wealth management, and trustee services are among the company’s main operations.
FCMB’s share price started the year at 2.99 NGN and has since increased by 3.68%, putting it 49th on the NGX in terms of year-to-date performance.
FCMB Group Plc is now the 29th most valuable stock on the NGX, with a market value of NGN 61.4 billion. This represents about 0.227% of the NGX equity market.
| ✅ Growth and Valuation | ℹ️ Information |
| Share Price | 3.10 NGN |
| 52-Week Range | 2.71 – 3.88 NGN |
| Three-Month Trading Volume | 1.02 billion |
| Volume – Three-Month High | 504 million |
| Volume – Three-Month Low | 61,662 |
| Market Capitalization | 61.4 billion ZAR |
| Earnings Per Share (EPS) | 1.13 NGN (TTM) |
| Price/Earnings Ratio (P/E) | 2.70 |
| Dividend Yield | 6.45% |
AXA Mansard Insurance Plc (NGX: MANSARD)
AXA Mansard Insurance Plc, previously known as Mansard Insurance Plc, provides corporate and retail clients in Nigeria with life and general business risk management solutions and financial services.
In addition to auto, home, life, travel, education, and business insurance, the company also provides financial advising, portfolio and risk management, and investment consulting services.
AXA Mansard Insurance is the fifty-first most valuable stock on the NGX, with a market value of NGN 17.1 billion, which represents about 0.063% of the Nigerian Stock Exchange equity market.
| ✅ Growth and Valuation | ℹ️ Information |
| Share Price | 1.90 NGN |
| 52-Week Range | 0.82 – 2.99 NGN |
| Three-Month Trading Volume | 165 million |
| Volume – Three-Month High | 25.8 million |
| Volume – Three-Month Low | 4,306 |
| Market Capitalization | 17.1 billion NGN |
| Earnings Per Share (EPS) | 0.14 NGN (TTM) |
| Price/Earnings Ratio (P/E) | 4.75 |
| Dividend Yield | 13.16% |
FBN Holdings Plc (NGX: FBNH)
FBN Holdings Plc is a holding company in the financial sector. The Company and its subsidiaries provide commercial banking, investment banking, insurance, other financial services, merchant banking, and other equity investments.
FBN Holdings Plc is the eleventh most valuable stock on the NGX, with a market value of NGN 400 billion, or about 1.48% of the NGX equity market.
| ✅ Growth and Valuation | ℹ️ Information |
| Share Price | 11.15 NGN |
| 52-Week Range | 7.20 – 12.90 NGN |
| Three-Month Trading Volume | 1.54 billion |
| Volume – Three-Month High | 610 million |
| Volume – Three-Month Low | 831,195 |
| Market Capitalization | 400 billion NGN |
| Earnings Per Share (EPS) | 4.63 NGN (TTM) |
| Price/Earnings Ratio (P/E) | 3.77 |
| Dividend Yield | 3.14% |
How to choose the Right Share Broker in Nigeria
Traders could not have picked a more favourable time to enter the investment market than the present. Competition among online brokers is high, which means costs are dropping down and features are being boosted.
Those interested in trading global financial instruments could choose from a wide variety of online forex and CFD brokers. However, there are several factors to consider when choosing a broker and we will go through them here.
Commission Charges
Individual stocks, options, mutual funds, exchange-traded funds, and bonds are the main investment types offered by brokers. Some will also provide exposure to the forex market, futures trading, and cryptocurrency exchanges.
Both the suitability of the broker’s offerings to your investment requirements and the fees you must pay is dependent on the investments the broker has available. You should pay close attention to the commissions that are involved with the investments you like.
Overall Reliability
There is a diverse selection of brokers available. Several have been popular for many years, while others have just recently emerged.
That does not imply they cannot be trusted, but if they are managing transactions for clients, they are members of a self-regulatory organization like the Financial Industry Regulatory Authority (FINRA), the Financial Conduct Authority (FCA), and other regulators, or subject to additional oversight.
Account Fees
While it could be impossible to eliminate account fees, they may be kept to a minimum. To withdraw funds or investments, or to close your account, most brokers will assess a fee. When switching brokers, your new firm could pay some or all your transfer expenses.
If a broker does not charge them, or if you do not use their optional services, you could avoid paying most additional costs.
Annual costs, inactivity fees, trading platform subscriptions, and additional charges for research or data are all examples of the kind of expenses you should be aware of.
Pricing and Execution on Trades
Cost is less of a factor today, leading to commission-free transactions becoming the norm at most brokerages.
However, you should consider the brokerage’s position on the controversial practice of paying for order flow and how much it costs before making a final decision.
This is especially true if you are an active trader who wants their deal completed at the best price possible, even if it means a difference of a few cents.
Additional Tools, Educational Materials, and Features
Look for a brokerage that provides free educational tools like live webinars, detailed how-to instructions, video tutorials, glossaries, and more if you are just starting in the investment world.
You should also look at the broker’s commitment to educating its customers about the inherent hazards of more complex trading tactics like options.
The Best Share Brokers in Nigeria
In this article, we have listed the best brokers which offer share trading to traders. We have further identified the brokers that offer additional services and solutions to traders.
Best MetaTrader 4 / MT4 Share Broker in Nigeria
Overall, 7B Forex is the best MT4 Share Broker in Nigeria. 7BForex, a Nigerian forex broker, provides traders with access to Naira accounts and a variety of financial markets through the mobile, desktop, and a web based MetaTrader 4 trading platform.
On Standard Accounts, 7BForex provides leverage up to 1:1000 and spreads starting at 1.3 pips on a variety of financial instruments.
Best MetaTrader 5 / MT5 Share Broker in Nigeria
Overall, HFM is the best MetaTrader 5 Share Broker in Nigeria. HFM provides MetaTrader 5 for desktop computers, mobile devices, and online browsers.
HFM FIX API is an additional service offered by HFM to Nigerians who want to use this protocol.
Best Share Broker in Nigeria for beginners
Overall, IG is the best Share Broker in Nigeria for beginners. Low spread costs, an emphasis on customer service and education, helpful research, and straightforward user interfaces are all offered by IG.
Among online brokers, IG provides the most educational materials, and its commitment to detailed and timely research is commendable.
Best Low Minimum Deposit Share Broker in Nigeria
Overall, Axiory is the best Low Minimum Deposit Share Broker in Nigeria. A minimum deposit of 4,100 Naira is required when a Nigerian creates an Axiory account.
Customers from Nigeria could trade micro-lots with Axiory at some of the lowest spreads and leverage ratios. Axiory is a very reputable and versatile option for both beginner and professional Nigerian traders.
Best ECN Share Broker in Nigeria
Overall, easyMarkets is the best ECN Share Broker in Nigeria. easyMarkets has earned 37 international awards for its exceptional customer service and innovation in developing electronic communications networks (ECNs).
easyMarkets’ platforms are intended to be as user-friendly as possible for new traders, while yet offering advanced users with the flexibility and power they need.
Best Islamic / Swap-Free Share Broker in Nigeria
Overall, eToro is the best Islamic / Swap-Free Share Broker in Nigeria. eToro, the largest social trading platform, offers Islamic Accounts to Nigerian Muslim traders.
For Islamic accounts, there are no additional administrative fees and the spreads on the primary items are 1 pip.
Best Forex Trading App
Overall, Axi is the best forex trading app. The Axi app is available for both iOS and Android mobile devices. Using this web-based application, traders can carry out all actions that would ordinarily need a larger screen.
Best Naira Trading Account Share Broker in Nigeria
Overall, Exness is the best Naira trading account Share Broker in Nigeria. Exness offers a variety of trading accounts as a multi-regulated and multi-asset CFD and FX broker. Exness provides the most advantageous Nigerian Naira accounts with no conversion costs.
Best Lowest Spread Share Broker in Nigeria
Overall, IC Markets is the best lowest spread Share Broker in Nigeria. IC Markets is one of the most competitive rivals in an industry with low average spreads.
IC Markets has standard minimum deposit requirements, and traders from Nigeria who trade more than 100 standard lots each month get discounts.
Best Nasdaq 100 Share Broker in Nigeria
Overall, BDSwiss is the best Nasdaq 100 Share Broker in Nigeria. The NAS100 CFD offered by BDSwiss may be traded on both the MT4 and MT5 platforms. The average spread on a BDSwiss Classic Account when trading NAS100 is 0.65 pips, and the fee per lot is $2.
Best NDD Share Broker in Nigeria
Overall, FXTM is the best NDD Share Broker in Nigeria. FXTM is a leading No-Dealing Desk broker that employs ECN and STP technology.
FXTM is a trustworthy broker for Nigerians, with over 4 million clients in 150 countries and rapid transaction execution.
Best STP Share Broker in Nigeria
Overall, Pepperstone is the best STP Share Broker in Nigeria. Pepperstone is a well-known name in the Forex and CFD trading communities.
Pepperstone is the ultimate copy and algo broker due to its STP/ECN hybrid technology, an array of tools, and plugins.
Best Sign-up Bonus Share Broker in Nigeria
Overall, InstaForex is the best sign-up bonus share broker in Nigeria. When opening a new account with InstaForex, Nigerians qualify for the $1,000 No-Deposit Bonus.
Traders from Nigeria must be informed that this deposit is subject to stringent restrictions and prohibitions.
Conclusion
All forms of investments exist for the same purpose: to generate profits. This can be accomplished with an investment that fits your risk tolerance and overall financial strategy.
To select a smart investment, you must first evaluate your objectives, establish an investment budget, and pick assets with growth potential. To make it easier for Nigerians, we have listed the 7 best shares on the NGX according to their metrics.
FAQ
Where can I buy shares in Nigeria?
You can purchase NGX shares from a licensed stockbroker in Nigeria.
How can I start buying shares in Nigeria?
You need to employ the services of an NGX-licensed stockbroker in Nigeria to facilitate your trades.
Which company is the most valuable in Nigeria?
With a market capitalization of 7.16 trillion NGN, telecommunications giant Airtel Africa tops the list as the most valuable business on the Nigerian Stock Exchange.
How do I check stock in Nigeria?
You can view your shares on the website of the Securities Exchange Commission in Nigeria under “Non-Mandated.”
Is MTN a good share to buy?
Yes, MTN shows increased earnings, with further growth expected in the next three years. MTN has high growth revenue, and its revenue is currently outperforming market benchmarks, making it a worthwhile investment.
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