The 5 Best Performing Shares on the Nigerian Stock Exchange (NGX) revealed. We have conducted rigorous fundamental and technical studies to determine which NGX stocks are currently doing the best.
This is a complete guide to the 5 Best Performing Shares on the Nigerian Stock Exchange.
5 Best Performing Shares on the Nigerian Stock Exchange Revealed (2025):
- ☑️ Cornerstone Insurance Company (NGX: CORNERST)
- ☑️ Custodian Investment Plc (NGX: CUSTODIAN)
- ☑️ Regency Alliance Insurance Plc (NGX: REGALINS)
- ☑️ Multiverse Mining and Exploration Plc (NGX: MULTIVERSE)
- ☑️ Learn Africa Plc (NGX: LEARNAFRCA)
In this in-depth guide you’ll learn:
- What are the characteristics of a good growth stock?
- 5 Best Performing Shares on the Nigerian Stock Exchange
- How to choose the right Share Broker in Nigeria
- The Best CFD Brokers in Nigeria
Cornerstone Insurance Company (NGX: CORNERST)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 0.75 NGN |
| 📊 Market Capitalization | 13.6 billion NGN |
| 📊 P/E Ratio | 5.32 |
| 📊 EPS | 0.14 NGN |
| 📊 Dividend Yield | 6.67% |
Insurance for both life and non-life events is offered by Nigeria’s Cornerstone Insurance Company Plc. The company’s risk underwriting and related financial services are available to individuals, corporations, and institutions.
Cornerstone Insurance Company Plc was the first insurance company in Nigeria to provide a website for policyholders to make payments and manage their accounts.
Because of how widely used the internet and mobile devices are, customers, can easily have access to the company’s products and services.
Currently trading with a market value of NGN 13.6 billion, or 0.051% of the Nigerian Stock Exchange’s total equity market, Cornerstone Insurance Company ranks as the 57th most valuable stock on the NGX.
Cornerstone’s share price started the year at 0.46 NGN and has since increased by 63%, placing it 15th on the NGX in terms of year-to-date performance.
CORNERST stock has been the seventh greatest performer on the NGX over the previous four weeks, thus investors have reason to be bullish about the firm.
Custodian Investment Plc (NGX: CUSTODIAN)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 6.80 NGN |
| 📊 Market Capitalization | 40 billion NGN |
| 📊 P/E Ratio | 3.44 |
| 📊 EPS | 1.95 NGN |
| 📊 Dividend Yield | 7.94% |
The previous name of the Nigerian investment business Custodian Investment Plc was Custodian and Allied Plc. The company’s complete general insurance includes automobile insurance, vacation insurance, home shield, and gateway home.
The share price of Custodian & Allied started the year at 7.90 NGN but has since declined by 13.9%, placing it 120th on the NGX in terms of year-to-date performance.
Custodian & Allied Plc is the 36th most valuable stock on the NGX, with a market value of NGN 40 billion, or 0.149% of the NGX equity market.
Regency Alliance Insurance Plc (NGX: REGALINS)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 0.24 NGN |
| 📊 Market Capitalization | 1.6 billion NGN |
| 📊 P/E Ratio | 5.58 |
| 📊 EPS | 0.05 NGN |
| 📊 Dividend Yield | 0.00% |
In Nigeria and across West Africa, Regency Alliance Insurance Plc is a leading insurance company. This firm offers a variety of services, including risk underwriting, risk management, asset management, medical insurance, savings, and investment products, and asset management.
Regency Alliance Insurance is the 111th most valuable stock on the NGX, having a market value of NGN 1.6 billion, which represents about 0.006% of the Nigerian Stock Exchange equity market.
Multiverse Mining and Exploration Plc (NGX: MULTIVERSE)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 1.71 NGN |
| 📊 Market Capitalization | 729 million NGN |
| 📊 P/E Ratio | - |
| 📊 EPS | - |
| 📊 Dividend Yield | - |
The Multiverse Mining and Exploration Plc is a mining company with headquarters in Nigeria that is engaged in the exploration, extraction, sale, and distribution of a wide variety of stones and other types of extractive solid minerals.
The company’s primary focus is on the extraction of stones, but it is also involved in the distribution of other types of solid minerals.
On October 8, 2008, Multiverse became the first publicly listed business on the floor of the Nigerian Stock Exchange, and the number of shareholders in the firm has since increased to over 4,000.
With a current market value of NGN 729 million, Multiverse Mining & Exploration is now the 133rd most valuable stock that is traded on the NGX. This represents about 0.0027% of the total equity market that is traded on the Nigerian Stock Exchange.
It started the year with a share price of 0.20 NGN, and it has since gained 755% on that price valuation, placing it in first place on the NGX in terms of year-to-date performance.
Learn Africa Plc (NGX: LEARNAFRCA)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 2.60 NGN |
| 📊 Market Capitalization | 2.01 billion NGN |
| 📊 P/E Ratio | 5.14 |
| 📊 EPS | 0.51 NGN |
| 📊 Dividend Yield | - |
Learn Africa Plc was founded in 1999 and it is a publishing and distribution corporation based in Nigeria, which caters to students of all educational levels, from kindergarten to university.
Learn Africa Plc is a wholly-owned subsidiary of Longman Group UK Limited, which is the name of the parent company. Learn Africa Plc is currently the largest educational publisher that is headquartered in Nigeria and listed on the NGX.
They have the largest collection of textbooks and supplemental materials in the nation, as well as the most extensive distribution infrastructure for these things.
Learn Africa has a market value of NGN 2.01 billion, placing it as the 107th most valuable stock on the NGX currently. This represents around 0.0075% of the total equity market on the Nigerian Stock Exchange.
What are the characteristics of good growth stocks?
As an investor, it is sensible to evaluate the benefits of investing in growth stocks. Growth stocks are shares of firms that are anticipated to outperform their counterparts in terms of profits and stock performance.
Growth firms are anticipated to have superior profitability and stock performance relative to their competitors. Growth companies provide investors with both short- and long-term prospects.
Among the characteristics of growing firms to look for are a strong leadership team and an industry with development potential. Additionally, investors should look for a history of robust sales growth and a sizable target 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. When you change brokers, you can expect that the new firm might 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, IG is the best MT4 Share broker in Nigeria. IG is a fantastic alternative for both inexperienced and experienced traders since it offers low spreads, a wide variety of account choices, over 19,000 different assets, and a safe trading environment.
IG provides its customers with access to the sophisticated trading platform MetaTrader 4 across all their devices, which is only one of its many robust trading platforms.
Best MetaTrader 5 / MT5 Share Broker in Nigeria
Overall, Axiory is the best MetaTrader 5 Share broker in Nigeria. Axiory offers the most advanced trading software that is currently on the market. This software is connected to Equinix datacentres, which enables Nigerian share traders to execute deals in less than 200 milliseconds.
cTrader, MetaTrader 5, and the FIX API are all supported platforms for trading forex and contracts for difference (CFDs) on the Axiory platform. The traders get access to more than 150 different instruments and a comprehensive set of trading resources.
Best Share Broker for beginners in Nigeria
Overall, CM Trading is the best Share broker for beginners in Nigeria. CM Trading provides traders of all experience levels with access to reliable and modern trading platforms and an unmatched degree of liquidity. Additionally, CM Trading provides access to a variety of instructional resources.
To broaden their understanding of the financial markets, novice traders might benefit from reading eBooks, watching trading videos, participating in webinars, and attending live seminars.
Best Low Minimum Deposit Share Broker in Nigeria
Overall, Global GT is the best Low Minimum Deposit Share Broker in Nigeria. The minimum amount required to open an account with Global GT is 400 Nigerian Naira (NGN). Global GT is a hybrid FX and CFD broker.
From this hybrid broker, Nigerian customers may anticipate market execution on their orders and a spread that begins at 0.0 pips.
Best ECN Share Broker in Nigeria
Overall, Exness is the best ECN Share broker in Nigeria. Over 15,000 new accounts are opened with Exness daily, which can be attributed to the broker’s stellar reputation as one of the premier ECN share brokers in Nigeria.
Over 278 different instruments can be exchanged with MT4 and MT5, and Exness provides Nigerians with some tools to help them choose the stocks and shares they want to trade.
Best Islamic / Swap-Free Share Broker in Nigeria
Overall, RoboForex is the best Islamic / Swap-Free Share broker in Nigeria. RoboForex is a highly adaptive broker that offers a few trading platforms and a wide range of technical solutions. RoboForex is a leader in the foreign exchange market.
The Cent, R StocksTrader, and Pro accounts are the only ones that may be converted to a Swap-Free account for Muslim traders.
Best Share Trading App in Nigeria
Overall, OANDA is the best Share trading app in Nigeria. The foreign exchange (FX) and contract for difference (CFD) trading platform offered by OANDA have a low level of risk.
The user-friendly desktop website offered by OANDA paved the way for the development of the company’s mobile application.
Best NGN Trading Account Share Broker in Nigeria
Overall, HFM is the best NGN trading account Share broker in Nigeria. HFM is a Nigerian brokerage firm that offers a wide variety of all-encompassing trading options.
Over a thousand assorted financial products, all of which could be traded using accounts denominated in NGN, are available via HFM.
Best Lowest Spread Share Broker in Nigeria
Overall, LiteFinance is the best lowest spread Share broker in Nigeria. LiteFinance is a broker that offers market execution on transactions and both STP and ECN trading accounts for retail customers.
Trades with LiteFinance start at 0.0 pips, and commissions start at $0.25 per share, making it one of the most affordable brokerages for Nigerian investors.
Best Nasdaq 100 Share Broker in Nigeria
Overall, AvaTrade is the best Nasdaq 100 Share broker. AvaTrade provides a connection for traders in Nigeria to participate in a variety of worldwide marketplaces, including the well-known Nasdaq 100 index.
AvaTrade’s spreads are among the most competitive in the industry, and traders do not have to worry about commission fees.
Best NDD Share Broker in Nigeria
Overall, Pepperstone is the best NDD Share broker in Nigeria. Pepperstone is a global broker headquartered in Australia with a presence in Africa.
Pepperstone is one of the most successful brokers in the industry that conducts business without the need of a dealing desk. They do this by pooling the liquidity offered by the most successful suppliers from across the globe.
Best STP Share Broker in Nigeria
Overall, ACY Securities is the best STP Share broker in Nigeria. As a reputable NDD broker, ACY Securities provides STP execution on transactions in addition to ECN connectivity for its clients.
ACY Securities offers zero-pip spreads in addition to competitive pricing sourced from sixteen different worldwide banks and liquidity sources.
Best Sign-up Bonus Broker in Nigeria
Overall, XM is the best sign-up bonus broker in Nigeria. Because of its robust trading platforms and extensive selection of financial products, XM is a popular option among Nigerian investors.
In addition, everyone who signs up for a new account with XM and verifies their information is eligible for a $30 welcome incentive.
Conclusion
Because of its success, the Nigerian Stock Exchange provides Nigerian investors and traders with several opportunities to increase their wealth via both short-term trading and long-term investing.
Stocks that do well on the NGX tend to be issued by reliable businesses, giving investors a chance to earn money via share appreciation or dividends.
Frequently asked questions
In what capacity does the Nigerian Stock Exchange (NGX) operate?
It is its major responsibility to encourage the raising of primary capital by rechannelling monetary resources into productive economic activity, which leads to the expansion of the economy as well as the promotion of the creation of new jobs and riches.
Does Nigeria have a stock market?
There is a stock exchange in Nigeria that began operations in 1960 and has since grown to become one of the biggest in all of Africa.
Is the Nigerian Stock Exchange Publicly or Privately owned?
The Nigerian Stock Exchange (NGX) is a privately owned and self-regulatory market.
However, it should be noted that the Securities and Exchange Commission (SEC) continues to regulate it to guarantee orderly and equitable exchanges in securities and to protect the market from abusive instances of insider trading.
Who are the firms that trade on the NGX?
The Nigerian Stock Exchange is home to 156 different firms, some of which are quite well-known, such as BUA Cement Plc, Cadbury Nigeria, Chams Plc, and Conoil Plc.
If I only have 400 NGN to spend, could I still purchase shares from NGX?
There is a possibility that you may acquire shares for a total cost of 400 NGN, but this would depend on the shares that you wanted to buy. There are several companies listed on the NGX that provide inexpensive share options.
Top 4 Brokers
