10 Nigerian Stocks to Watch in 2026

In the first three quarters of 2025, the Nigerian Exchange (NGX) has shown remarkable resilience, marked by an overall positive performance despite challenges posed by global economic uncertainties and local inflationary pressures.

The NGX All-Share Index recorded a notable growth of 8.5% year-to-date, reflecting strong earnings reports from key sectors, including telecommunications, banking, and energy.

This performance is largely driven by a combination of economic reforms, rising investor confidence, and robust corporate earnings, particularly from large-cap companies such as MTN Nigeria, Dangote Cement, and Zenith Bank.

As Nigeria’s equity market shows resilience and investors seek diversified opportunities, select Nigerian stocks present compelling cases for portfolio inclusion in 2026.

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Below are 10 stocks Nigerians should consider for 2026, combining strong 2025 performance with forward‑looking catalysts:

These 10 stocks combine earnings improvement, diversified market positioning, and sectoral growth catalysts that can appeal to investors preparing for opportunities in 2026 and beyond.

Analysts, however, caution that a disciplined analysis and risk management should accompany any investment decisions.

 

1. MTN Nigeria Communications Plc (MTNN)

2025 Performance Highlight
MTN Nigeria reported a significant turnaround in H1 2025 with net income rising to ₦414.9 billion, marking a strong recovery from prior losses and robust double‑digit revenue growth as data demand accelerated.

Reason for Recommendation
MTN is the largest telecom operator listed on NGX. Continued expansion of data services and mobile money adoption positions it to benefit from both digital demand and fintech growth.

Trading activity data shows MTN as one of the most active stocks on the NGX, indicating investor confidence.

 

2. Dangote Cement Plc (DANGCEM)

2025 Performance Highlight
Cement makers in Nigeria recorded record earnings during 2025, with Dangote Cement contributing to a net income surge of ₦834.01 billion for major players, driven by strong domestic demand and infrastructure spending.

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Reason for Recommendation
Dangote Cement remains a bellwether industrial stock with scale, pricing power, and exposure to Nigeria’s ongoing construction and infrastructure build‑out. Strong quarterly gains have kept the stock among market leaders.

 

3. NASCON Allied Industries Plc (NASCON)

2025 Performance Highlight
Following a downturn in 2024, NASCON has shown renewed momentum in 2025, with share gains reflecting improved investor sentiment and stronger fundamentals.

Reason for Recommendation
NASCON’s essential consumer product portfolio and low indebtedness align with rising demand for staples, making it a defensive yet growth‑oriented equity. It has been featured among top NGX picks expected to deliver returns ahead of 2026.

 

4. Aradel Holdings Plc (ARADEL)

2025 Performance Highlight
Aradel’s stock performance has been impressive this year, and trading data shows it among notable gainers with strong year‑to‑date momentum.

Reason for Recommendation
Aradel, an oil and gas producer emerging from exploration operations, benefits from higher oil prices and increased output. Its dividend yield and upstream earnings prospects make it appealing in the energy sector.

 

5. Presco Plc (PRESCO)

2025 Performance Highlight
Palm oil producers have enjoyed strong earnings growth in 2025, and Presco’s contribution helped the sector post significant year‑on‑year profit increases.

Reason for Recommendation
Presco’s integration in agribusiness and expanding export revenues anchor it as a high‑quality agricultural play, benefiting from rising global food prices and domestic production strengths.

 

6. Zenith Bank Plc (ZENITHBANK)

2025 Performance Highlight
Zenith Bank is consistently among the most active and liquid NGX stocks. Banking stocks have gained renewed interest amid recapitalisation and financial reforms.

Reason for Recommendation
As one of Nigeria’s leading commercial banks with a strong asset base and dividend history, Zenith Bank offers potential income and valuation support. It remains a core financial sector pick.

 

7. Nigerian Aviation Handling Co. Plc (NAHCO)

2025 Performance Highlight
NAHCO has displayed strong trading performance and investor interest through 2025 as per NGX trading data.

Reason for Recommendation
As a key aviation infrastructure operator, NAHCO is positioned to benefit from Nigeria’s growing air passenger traffic and logistics expansion, offering a play on transport sector recovery.

 

8. Honeywell Flour Mills Plc (HONYFLOUR)

2025 Performance Highlight
Honeywell Flour Mills has returned to profitability in 2025, generating substantial share price gains and meeting strong demand for processed foods.

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Reason for Recommendation
Honeywell’s turnaround and exposure to staple food demand make it a compelling growth stock in essential consumer goods, resilient across economic cycles.

 

9. Transnational Corporation of Nigeria Plc (TRANSCORP)

2025 Performance Highlight
TRANSCORP has featured in top‑watch stock lists, reflecting investor interest across its power and hospitality segments.

Reason for Recommendation
With diversified operations in power generation and tourism, Transcorp enables investors to capture multi‑sector exposure through a single equity. Its strategic assets align with national economic priorities.

 

10. Beta Glass Plc (BETAGLASS)

2025 Performance Highlight
Beta Glass has been highlighted among strong-performing stocks, with historical gains reflecting robust demand in consumer packaging.

Reason for Recommendation
Beta Glass’s performance underscores resilience in manufacturing tied to broad consumer goods demand. It remains a key cyclical play as consumer markets expand.