The 7 Best High-Yield Shares on the Nigeria Stock Exchange revealed. We have conducted comprehensive research to determine the NGX-listed stocks with the greatest dividend yields.
This is a complete guide to the 7 Best High-Yield Shares on the Nigeria Stock Exchange.
Best High Yield Shares on the Nigerian Stock Exchange Revealed (2025):
- ☑️ GSK Plc (NGX: GLAXOSMITH) – 7.50%
- ☑️ Guaranty Trust Holding Company Plc (GTCO) – 15.87%
- ☑️ May and Baker Nigeria (NGX: MAYBAKER) – 8.38%
- ☑️ AXA Mansard Insurance Plc (MANSARD) – 14.53%
- ☑️ Tripple Gee & Co. Plc (NGX: TRIPPLEG) – 6.90%
- ☑️ Conoil Plc (NGX: CONOIL) – 9.63%
- ☑️ Access Bank Plc (ACCESSCORP) – 11.76%
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In this in-depth guide you’ll learn:
- What does Dividend Yield Tell Investors about a company?
- 7 Best High-Yield Shares on the Nigeria Stock Exchange
- How to choose the Right Share Broker in Nigeria
- The Best Share Brokers in Nigeria
What does Dividend Yield Tell Investors about a company?
A dividend yield is one of the most frequently used indicators for evaluating a company’s income qualifications. The yield indicates the proportion of dividends paid out to the current share price.
Typically, investors use a metric known as “trailing dividend yield.” This indicates the total amount of all dividends paid out during the past year as a percentage of the stock’s current share price.
If a corporation held shares worth 100 NGN today and paid out 10 NGN in dividends over the last year, its yield would be 10%.
GSK Plc (NGX: GLAXOSMITH) – 7.50%
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 6.00 NGN |
| 📊 Market Capitalization | 7.1 billion NGN |
| 📊 Earnings Per Share (EPS) | 0.91 NGN |
| 📊 Price/Earnings Ratio (P/E) | 6.58 |
| 📊 Dividend Yield | 7.50% |
| 📊 Gross Turnover | 1 million NGN |
Global Healthcare Group plc (GSK plc) was formerly known as GlaxoSmithKline PLC. Improvement of human well-being is central to the company’s mission. Pharmaceuticals, vaccines, and consumer healthcare are the Company’s mainstays.
With a current market value of NGN 7.18 billion or around 0.027% of the Nigerian Stock Exchange’s equity market, GlaxoSmithKline Consumer is the 71st most valuable stock on the NGX.
Guaranty Trust Holding Company Plc (GTCO) – 15.87%
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 20.00 NGN |
| 📊 Market Capitalization | 556 billion NGN |
| 📊 Earnings Per Share (EPS) | 5.83 NGN |
| 📊 Price/Earnings Ratio (P/E) | 3.24 |
| 📊 Dividend Yield | 15.87% |
| 📊 Gross Turnover | 147 million NGN |
When it comes to financial services in Nigeria, no other company compares to Guaranty Trust Holding Company Plc. It serves customers in the consumer, business, and corporate banking sectors with a range of banking products and services.
GTBank has won a slew of accolades for its excellent customer service, promptness, innovations, CSR initiatives, and corporate governance practices.
With a market value of NGN 556 billion or around 2.08% of the Nigerian Stock Exchange equity market, Guaranty Trust Holding is the ninth most valuable stock on the NGX as of right now.
May and Baker Nigeria (NGX: MAYBAKER) – 8.38%
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 3.58 NGN |
| 📊 Market Capitalization | 6.1 billion NGN |
| 📊 Earnings Per Share (EPS) | 0.58 NGN |
| 📊 Price/Earnings Ratio (P/E) | 6.19 |
| 📊 Dividend Yield | 8.38% |
| 📊 Gross Turnover | 629,921 NGN |
There is a company in Nigeria called May & Baker Nigeria Plc that makes and sells human consumables including medication and vaccines.
Drugs, drinks, and food are the three primary product categories. In terms of year-to-date performance on the NGX, May & Baker is ranked 115th after seeing its share price fall from 4.02 NGN at the beginning of the year to 3.92 NGN recently.
With a current market value of NGN 6.18 billion or around 0.023% of the Nigerian Stock Exchange’s equity market, May & Baker Nigeria is the 75th most valuable stock on the NGX.
AXA Mansard Insurance Plc (MANSARD) – 14.53%
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 1.72 NGN |
| 📊 Market Capitalization | 15.5 billion NGN |
| 📊 Earnings Per Share (EPS) | 0.09 NGN |
| 📊 Price/Earnings Ratio (P/E) | 20.81 |
| 📊 Dividend Yield | 14.53% |
| 📊 Gross Turnover | 883,000 NGN |
As a composite business registered with the National Insurance Commission of Nigeria, AXA Mansard Insurance plc provides insurance and asset management services to its clients. The company was founded as a limited liability corporation in 1989.
The AXA Group, of which AXA Mansard Insurance is a member, employs over 166,000 individuals to look after over 100 million policyholders in 64 countries.
With a market value of NGN 15.5 billion (or around 0.058% of the Nigerian Stock Exchange’s equity market), AXA Mansard Insurance is the 55th most valuable stock on the NGX currently.
Tripple Gee & Co. Plc (NGX: TRIPPLEG) – 6.90%
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 0.87 NGN |
| 📊 Market Capitalization | 431 million NGN |
| 📊 Earnings Per Share (EPS) | 0.22 NGN |
| 📊 Price/Earnings Ratio (P/E) | 3.94 |
| 📊 Dividend Yield | 6.90% |
| 📊 Gross Turnover | 56,800 NGN |
Tripple Gee & Co Plc is heavily involved with cheque and security documents, and the business also creates packaging materials. Shares of Tripple Gee started the year trading at 0.96 NGN, making it the 113th worst performer on the NGX.
This represents a loss of 9.38% from the company’s year-one share price value. With a market value of NGN 431 million, or around 0.0016% of the Nigerian Stock Exchange equity market, Tripple Gee & Co. Plc is the 142nd most valuable stock on the NGX currently.
Conoil Plc (NGX: CONOIL) – 9.63%
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 25.95 NGN |
| 📊 Market Capitalization | 18 billion NGN |
| 📊 Earnings Per Share (EPS) | 4.63 NGN |
| 📊 Price/Earnings Ratio (P/E) | 5.60 |
| 📊 Dividend Yield | 9.63% |
| 📊 Gross Turnover | 109,400 NGN |
Conoil Plc is a Nigerian company that is engaged in the manufacturing and marketing of lubricants, as well as the distribution of refined petroleum products and industrial and residential liquefied petroleum gas.
Additionally, the company distributes refined petroleum products. With a market value of NGN 18 billion, Conoil Plc is now the 48th most valuable stock that is traded on the NGX. This represents about 0.067% of the total equity market that is traded on the Nigerian Stock Exchange.
Access Bank Plc (ACCESSCORP) – 11.76%
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 9.15 NGN |
| 📊 Market Capitalization | 302 billion NGN |
| 📊 Earnings Per Share (EPS) | 4.56 NGN |
| 📊 Price/Earnings Ratio (P/E) | 1.91 |
| 📊 Dividend Yield | 11.76% |
| 📊 Gross Turnover | 49.6 million NGN |
With a market value of NGN 323 billion or around 1.15% of the Nigerian Company Exchange’s equity market, Access Holdings Plc is currently the 14th most valuable stock on the NGX.
To meet the needs of its more than 30 million customers, Access Bank Plc has a worldwide network of more than 600 offices and service locations in 12 countries.
The Bank has been listed on the Nigerian Stock Exchange since 1998, and its stock price has increased by more than 1,000% in that time. The Bank now has more than 900,000 shareholders.
According to the latest available data, Access Holdings Plc is the 14th most valuable stock on the NGX, with a market value of NGN 302 billion, or 1.13% of the Nigerian Stock Exchange’s equities market.
How to choose the Right Share Broker in Nigeria
Traders could not have picked a more favorable 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.
If a broker does not charge them, or if you do not use their optional services, you could avoid paying most additional costs.
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 your 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.
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, Alpari is the best MT4 Share broker in Nigeria. With a trust rating of 95, Alpari is a broker with minimal risk. Traders in Nigeria can open one of Alpari’s four retail accounts and use MT4 to trade 250 different financial products.
Best MetaTrader 5 / MT5 Share Broker in Nigeria
Overall, FBS is the best MetaTrader 5 Share broker in Nigeria. FBS is a well-liked broker that caters to traders using MetaTrader 5 and provides its own trading platform. Nigerian investors could take advantage of webinars, competitive trading conditions, and a wealth of instructive materials.
Best Share Broker for beginners in Nigeria
Overall, FP Markets is the best Share broker for beginners in Nigeria. Since its inception in 2005, FP Markets has provided novice traders with a video-based introduction to the trading process, platform lessons, and a dictionary-length glossary.
Best Low Minimum Deposit Share Broker in Nigeria
Overall, XM is the best Low Minimum Deposit Share Broker in Nigeria. After 12 years in the industry, XM has earned a solid reputation as a leading STP and ECN broker. With a minimum deposit of 2,000 NGN ($5), XM offers four retail accounts to its customers in 196 different countries.
Best ECN Share Broker in Nigeria
Overall, HFM is the best ECN Share broker in Nigeria. Trading the EUR/USD, for example, is possible with 0.0 pips spread and affordable fees at HFM, making it one of the only ECN brokers to provide such a wide range of account types, dynamic leverage ratios, and instruments.
Best Islamic / Swap-Free Share Broker in Nigeria
Overall, AvaTrade is the best Islamic / Swap-Free Share broker in Nigeria. AvaTrade is a broker that understands the needs of its clients. Muslim traders in Nigeria will find the Islamic Account suitable. Muslims also have access to several halal markets including indices, forex, and more.
Best Share Trading App in Nigeria
Overall, TD Ameritrade is the best Share trading app in Nigeria. TD Ameritrade’s think-or-swim mobile app is widely regarded as among the greatest trading platforms available. The software is geared for use on mobile devices and Apple Watches, providing traders with convenient access to trading on the go.
Best NGN Trading Account Share Broker in Nigeria
Overall, Exness is the best NGN trading account Share broker in Nigeria. The Nigerian Naira base currency is available at Exness, an STP and ECN broker registered by several global market regulators. Exness also provides quick withdrawals on select services and the ability to use local deposit and withdrawal methods with cheap fees.
Best Lowest Spread Share Broker in Nigeria
Overall, IC Markets is the best lowest spread Share broker in Nigeria. In addition to offering market execution and zero-pip spreads on popular instruments like the EUR/USD, IC Markets is also well recognized as a true ECN broker. IC Markets allows traders to open an infinite number of open trade positions with a minimum transaction size of 0.01 lots.
Best Nasdaq 100 Share Broker in Nigeria
Overall, easyMarkets is the best Nasdaq 100 Share, broker. In addition to offering market execution and zero-pip spreads on popular instruments like the EUR/USD, IC Markets is also well recognized as an ECN broker. IC Markets allows traders to open an infinite number of open trade positions with a minimum transaction size of 0.01 lots.
Best Volatility 75 / VIX 75 Share Broker in Nigeria
Overall, eToro is the best Volatility 75 / VIX 75 Share broker in Nigeria. With eToro, you can trade the VIX 75 on a robust trading platform that enables market execution across many financial markets.
Best NDD Share Broker in Nigeria
Overall, Markets.com is the best NDD Share broker in Nigeria. Markets.com captures almost 6% of the Nigerian market. Markets.com is an authorized NDD that offers both straight-through processing (STP) and electronic communication network (ECN) transaction execution.
Best STP Share Broker in Nigeria
Overall, FXTM is the best STP Share broker in Nigeria. FXTM, in business since 2011, is both a Straight Through Processing (STP) and Electronic Communication Network (ECN) broker. FXTM can provide liquidity since it has relationships with major financial institutions and tier-one banks. The spreads on the most traded products at FXTM begin at zero pip spreads, and orders are executed instantly and at the market.
Best Sign-up Bonus Broker in Nigeria
Overall, Trade Nation is the best sign-up bonus broker in Nigeria. Because of the platform’s creative solutions for traders of all experience levels and trading preferences, as well as its secure trading environment, low fees, and minor risk of loss, trading on Trade Nation is an easy decision.
Conclusion
Be cautious while trying to determine the yield of a company. Never presume that dividend payments will be constant from one period to the next. Special dividends are paid by certain companies, whereas payments are sometimes eliminated by others. Make sure the dividend yield you anticipate a stock paying is consistent with what the firm pays by doing some background research on the company.
Frequently asked questions
To what extent should my portfolio consist of dividend-paying stocks?
When investing, diversification is a key component that you must familiarize yourself with and put into practice. Therefore, it is recommended by experts that you include at least 25 different equities in your portfolio.
Must I reinvest my dividends?
Reinvesting dividends could be profitable if the firm whose shares you own are successful and your investment portfolio is diversified.
In financial terms, what is a high-yield stock?
Any company with a dividend yield that is greater than the market average is considered a high-yield stock.
In Nigeria, are dividends subject to taxation?
Earnings such as dividends, interest, rent, and royalties from outside are not subject to taxes in Nigeria if they are brought into the country via official channels.
Why do some people think dividend stocks are a bad idea?
With a dividend stock, much like any other investment, investors risk monetary loss if stock prices drop on a “long” or buy position.
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