Best Companies To Buy Shares From In Nigeria 2023: Top 10

Best Companies To Buy Shares From In Nigeria: Increasing your money over time may be an extremely satisfying experience if you choose to do it by investing in the shares of various businesses. For those interested in buying shares of a company, Nigeria, with its booming economy, has a number of chances.

When looking to purchase shares in Nigeria, in the course of this article, we will be exploring some of the most reputable businesses to take into account; nonetheless, it is essential to carry out extensive research and seek the advice of financial professionals. It is always adviced that you indulge the opinion of an expert in making critical financial decisions so as to avoid unnecessary and avoidable mistakes that could cost you a fortune. Let’s quickly delve into the matter.

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Best Companies To Buy Shares From In Nigeria

 

1. Forte Oil Plc: Forte Oil has a significant market presence and a prominent supplier of petroleum products in Nigeria. The company also has a good reputation in the industry. The financial performance of the firm has been quite strong, with steady rise in sales and a significant increase in profitability.

Which company is best to buy shares from in Nigeria
Which company is best to buy shares from in Nigeria

Forte Oil is in an excellent position to capitalize on the rising demand for petroleum products throughout Nigeria and the larger African continent as a whole. Forte Oil is an excellent option for investors searching for a stable return on their investment due to the company’s dominant market position and robust financial standing.

2. MTN Nigeria Communications PLC: MTN Nigeria Communications is the leading telecommunications business in Nigeria and serves millions of clients who use its mobile phone services. The market footprint of the firm is substantial, and it is in an excellent position to capitalize on the increasing demand for mobile phone services in Nigeria.

How to buy shares in MTN
How to buy shares in MTN

The financial performance of the firm has been quite excellent, with constant increase in sales and a high level of profitability. MTN Nigeria Communications is a fantastic option for investors who are searching for a stable return on their money and the company offers this.

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3. Total Nigeria: Total Nigeria, a subsidiary of the multinational energy conglomerate Total, is the third company on our list. The market presence of the firm is substantial, and it is in an excellent position to capitalize on the rising demand for energy-related goods in Nigeria.

Which company is best to purchase shares
Which company is best to purchase shares

The financial performance of the firm has been quite strong, with steady rise in sales and a significant increase in profitability. Investors in the energy industry who are interested in generating a reliable return on their money might consider Total Nigeria as an option.

4. Guaranty Trust Bank: Guaranty Trust Bank is one of the major banks in Nigeria and has a solid reputation for offering financial services of the highest possible quality. The bank has shown a strong history of financial success, with constant increase in revenue and a high level of profitability.

How to Invest in the Nigerian Stock Market
How to Invest in the Nigerian Stock Market

Because of the bank’s dominant market position and solid financial standing, investors who are searching for a reliable investment in the Nigerian banking industry may choose to consider the bank as an option.

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5. Zenith Bank: Zenith Bank is one of the major banks in Nigeria and has a solid reputation for offering financial services of the highest possible quality. The bank has shown a strong history of financial success, with constant increase in revenue and a high level of profitability.

Buying Shares in Nigeria? Here's How to Do it
Buying Shares in Nigeria? Here’s How to Do it

Because of the bank’s dominant market position and solid financial standing, investors who are searching for a reliable investment in the Nigerian banking industry may choose to consider the bank as an option.

6. Nestle Nigeria: Nestle, the world’s largest food and beverage company, has a subsidiary in Nigeria called Nestle Nigeria. The market presence of the firm is substantial, and it is in an excellent position to capitalize on the increasing demand for food and beverage goods in Nigeria.

10 best undervalued stocks with _Buy_ rating in 2023
10 best undervalued stocks with _Buy_ rating in 2023

The financial performance of the firm has been quite excellent, with constant increase in sales and a high level of profitability. Investors who are searching for a reliable return on their money might consider Nestle Nigeria as a potential investment option.

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7. Dangote Cement: Dangote Cement is not just the biggest cement manufacturer in Nigeria but also one of the largest in all of Africa. The firm has a strong presence in the industry and is in an excellent position to capitalize on the rising demand for cement in Nigeria and other African nations.

How to buy shares in Dangote Group
How to buy shares in Dangote Group

The financial performance of the firm has been quite excellent, with constant increase in sales and a high level of profitability. Investors who are searching for a reliable return on their money can consider putting their money into Dangote Cement.

8. Nigerian Breweries: Nigerian Breweries is the biggest brewing corporation in Nigeria and is responsible for the production of well-known brands such as Heineken, Star, and Gulder. The market presence of the firm is substantial, and it is in an excellent position to capitalize on the rising demand for beer in Nigeria.

Which company is selling shares now in Nigeria
Which company is selling shares now in Nigeria

The financial performance of the firm has been quite excellent, with constant increase in sales and a high level of profitability. If you’re an investor searching for a reliable return on your money, Nigerian Breweries is a fantastic option for you to consider.

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9. Flour Mills of Nigeria: This is one of the most successful blue-chip enterprises in Nigeria, and it was one of the first to begin wheat milling there. It is well-known for its brand name, Golden Penny, and continues to be a favorite in Nigeria among confectioneries, bakers, and customers. In a nutshell, it has a market cap of 86.11 billion dollars and is now trading on the Nigerian Stock Exchange at N21.00 a share.

highest dividend-paying stocks in nigeria
highest dividend-paying stocks in nigeria

The firm is fairly well established and has a good record in the stock market, which places it on the list of the best companies to patronize and has a predicted future of financial success. The company also has a strong track record in other markets.

10. Guinness Nigeria: Guinness is well-known for its high quality and has been listed on the Nigerian Stock Market ever since it opened in 1965. They are involved in the production of lager, stout, and malt drinks as well as the bottling of these beverages. Guinness Gold, Foreign Extra Stout, and Malta Guinness are just a few examples of the items that they provide.

Companies that are selling shares now
Companies that are selling shares now

They are presently trading at N18.40 per share, which corresponds to a market value of 40.30 billion. Guinness is without a doubt one of the best companies in Nigeria from which to purchase shares since there is a real possibility that you may make a profit.

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In conclusion, while shares has proven to be a very lucrative business and way of securing a future; free from much financial worries, it is essential to keep in mind that investing in shares exposes one to potential losses, and the circumstances of the market are not always predictable. Before making any investments, it is important to do extensive research on each firm, taking into account their financial performance, development potential, and the current state of the economy as a whole. A discussion with a financial adviser or broker may give you with further direction that is specific to your investing objectives and level of comfort with risk.

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