The 7 Cheapest Shares on the Nigerian Stock Exchange revealed. We have carried out a thorough analysis and research on the stocks listed on the NGX to find the best and cheapest options.
This is a complete guide to the 7 Cheapest Shares on the Nigerian Stock Exchange.
7 Cheapest Shares on the Nigerian Stock Exchange Revealed (2025):
- ☑️ NPF Microfinance Bank Plc (NGX: NPFMCRFBK)
- ☑️ Skye Shelter Fund Plc (NGX: SFSREIT)
- ☑️ Northern Nigeria Flour Mills (NGX: NNFM)
- ☑️ Champion Breweries Plc (NGX: CHAMPION)
- ☑️ United Capital Plc (NGX: UCAP)
- ☑️ Chams Plc (NGX: CHAMS)
- ☑️ RT Briscoe (NGX: RTBRISCOE)
In this in-depth guide you’ll learn:
- Is there a strategy for buying cheap shares in Nigeria?
- 7 Cheapest Shares on the Nigerian Stock Exchange
- How to Choose the Right Share Broker in Nigeria
- The Best Share Brokers in Nigeria
NPF Microfinance Bank Plc (NGX: NPFMCRFBK)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 1.75 NGN |
| 📊 Market Capitalization | 10.5 billion NGN |
| 📊 P/E Ratio | 5.55 |
| 📊 EPS | 0.32 NGN |
| 📊 Dividend Yield | 5.14% |
| 📊 Gross Turnover | 11,899 NGN |
Nigerian community bank NPF Microfinance Bank Plc was founded. The primary business of the company is to provide low-income families and micro businesses with banking and other legal financial services, with a special emphasis on the Nigerian Police Community.
With a market value of NGN 10.5 billion, NPF Microfinance Bank ranks as the 61st most valuable business on the NGX and accounts for about 0.039% of the stock market on the exchange.
Skye Shelter Fund Plc (NGX: SFSREIT)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 77 NGN |
| 📊 Market Capitalization | 1.54 billion NGN |
| 📊 EPS | 8.70 NGN |
| 📊 P/E Ratio | 8.85 |
| 📊 Dividend Yield | 9.42% |
| 📊 Gross Turnover | 1,300 NGN |
Skye Shelter Fund is a tax-advantaged alternative investment that invests in income-producing buildings such as residences, retail complexes, offices, and warehouses.
Skye Shelter Fund is one of the first Real Estate Investment Trusts to trade publicly on the NGX in Nigeria, and the fund is utilized to buy and develop real estate assets in certain locations around the nation.
Skye Shelter Fund Plc is currently the 114th most valued business on the NGX, and with a market value of NGN 1,54 billion, it presents 0.0057% of the equity market on the NGX.
Northern Nigeria Flour Mills (NGX: NNFM)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 8.60 NGN |
| 📊 Market Capitalization | 1.53 billion NGN |
| 📊 EPS | 0.93 NGN |
| 📊 P/E Ratio | 9.21 |
| 📊 Dividend Yield | 4.65% |
| 📊 Gross Turnover | 348,880 NGN |
Nigerian company Northern Nigeria Flour Mills Limited, formerly known as Northern Nigeria Flour Mills Plc, mills wheat and other grains. Additionally, the firm sells other Golden product categories that it has acquired from its parent company, Flour Mills of Nigeria Plc.
With a market value of NGN 1.53 billion, Northern Nigeria Flour Mills ranks as the 115th most valuable stock on the NGX and accounts for only 0.0057% of the equities market there.
Champion Breweries Plc (NGX: CHAMPION)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 3.85 NGN |
| 📊 Market Capitalization | 30.1 billion NGN |
| 📊 EPS | 0.17 NGN |
| 📊 P/E Ratio | 22.73 |
| 📊 Dividend Yield | - |
| 📊 Gross Turnover | - |
Champion Breweries Plc is a well-established brewing company in Nigeria that is known for producing Champion Lager Beer, Champ Malta, and a variety of other beverages that do not contain alcohol.
Champion Breweries is currently ranked 14th on the NGX in terms of year-to-date performance. Champion Breweries began the year with a share price of 2.35 NGN, and it has already gained 63.8% on that price valuation.
With a current market valuation of NGN 30.1 billion or around 0.113% of the Nigerian Stock Exchange equity market, Champion Breweries is the 40th most valuable stock on the NGX.
United Capital Plc (NGX: UCAP)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 10.10 NGN |
| 📊 Market Capitalization | 60.6 billion NGN |
| 📊 EPS | 2.09 NGN |
| 📊 P/E Ratio | 4.78 |
| 📊 Dividend Yield | 14.85% |
| 📊 Gross Turnover | 73.3 million NGN |
United Capital Plc dominates the continent of Africa’s financial and investment services industry. The firm’s custom services add value to what its customers already get. The main goals of this company are investment banking, asset management, trusteeship, dealing in securities, and insurance.
United Capital Plc is presently the 31st most valuable stock listed on the NGX, with a market value of NGN 60.6 billion. In percentage terms, this amounts to around 0.226% of the total value of shares traded on the Nigerian Stock Exchange.
Chams Plc (NGX: CHAMS)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 0.26 NGN |
| 📊 Market Capitalization | 1.22 billion NGN |
| 📊 EPS | 0.03 NGN |
| 📊 P/E Ratio | 7.25 |
| 📊 Dividend Yield | - |
| 📊 Gross Turnover | 3.33 million NGN |
Chams Plc was founded in 1985 and has since become Nigeria’s preeminent provider of end-to-end identity management and monetary transaction solutions.
As the 123rd most valuable stock on the NGX, Chams Plc has a market value of NGN 1.22 billion or around 0.0046% of the total value of stocks traded on the Nigerian Stock Exchange.
RT Briscoe (NGX: RTBRISCOE)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | 0.38 NGN |
| 📊 Market Capitalization | 447 million NGN |
| 📊 EPS | 0.07 NGN |
| 📊 P/E Ratio | 4.70 |
| 📊 Dividend Yield | - |
| 📊 Gross Turnover | 141,200 NGN |
The Nigerian company RT Briscoe is an expert in the automotive, power, and industrial equipment markets. Specifically, there are Briscoe Toyota, Briscoe Ford, and Industrial Equipment branches.
With a market value of NGN 447 million, RT Briscoe is the 141st most valuable stock on the NGX and accounts for around 0.0017% of the equities market on the Nigerian Stock Exchange.
RT Briscoe’s share price currently ranks the company ninth on the NGX after increasing from an opening price of 0.20 NGN in January, indicating a gain of 90%.
Is there a strategy for buying cheap shares in Nigeria?
Low-cost, diversified index funds, dollar-cost averaging, and reinvested dividends are the best ways for most investors to accumulate equity holdings.
Individual stocks are frequently the preferred method of investment for seasoned individuals, professional money managers, and institutions, who can then use this information to construct a diversified portfolio.
Although the expression “buying cheap and selling dear” might not be recognizable, “buying the dip” and “buying low and selling high” may.
Investors are notoriously irrational, with many choosing to purchase as prices rise and sell as they fall. Investors who place a premium on value take the opposite tack. They wait for investment prices to drop, at which point they buy, and then sell for a profit.
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.
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, Exness is the best MT4 Share broker in Nigeria. Exness is a broker that solely offers services for MetaTrader and gets its market execution and liquidity from ADS Securities, FXCM Pro, and other reliable suppliers.
Exness offers 5 retail accounts with EUR/USD spreads starting at 0.0 pips to Nigerians. Nigerians could expect a 60% margin call and a 0% stop-out.
Best MetaTrader 5 / MT5 Share Broker in Nigeria
Overall, Axiory is the best MetaTrader 5 Share broker in Nigeria. The greatest trading software is provided by Axiory, which is linked to Equinix datacentres and enables Nigerian stock traders to complete transactions in less than 200 milliseconds.
Axiory makes it possible to trade in currencies and CFDs using cTrader, MetaTrader 5, and the FIX API. Traders get access to a variety of trading resources and more than 150 instruments.
Best Share Broker for beginners in Nigeria
Overall, IC Markets is the best Share broker for beginners in Nigeria. A significant and well-known True ECN broker, IC Markets, provides novices from Nigeria with a wealth of educational materials.
Nigerians may find the 10 “Getting Started” lectures and examination of Web TV, Webinars, and Podcasts helpful in beginning their online trading careers in a variety of financial markets.
Best Low Minimum Deposit Share Broker in Nigeria
Overall, Global GT is the best Low Minimum Deposit Share Broker in Nigeria. The minimum deposit for accounts with Global GT, a hybrid FX and CFD broker, is 400 NGN. This hybrid broker provides market execution for orders with a 0.0 pip spread to Nigerian clients.
Best ECN Share Broker in Nigeria
Overall, Pepperstone is the best ECN Share broker in Nigeria. Popular ECN broker Pepperstone receives liquidity from companies like GAIN Capital, Prime Limited, LMAX Limited, and others.
Trading participants might expect consistently quick market execution and zero pip spread on significant instruments like the EUR/USD when they execute trades on more than 80 assorted financial instruments.
Best Islamic / Swap-Free Share Broker in Nigeria
Overall, RoboForex is the best Islamic / Swap-Free Share broker in Nigeria. RoboForex is a very flexible broker that provides a wide range of technical options as well as several unique trading platforms. The Cent, R, and Pro accounts of Muslim merchants may be converted to Swap-Free accounts.
Best Share Trading App in Nigeria
Overall, OctaFX is the best Share trading app in Nigeria. In addition to MT4 and MT5 mobile, Octa now offers a custom app for Android users alone. Nigerians can use the app to manage their accounts, review past activities, and deposit and withdraw money.
Best NGN Trading Account Share Broker in Nigeria
Overall, HFM is the best NGN trading account Share broker in Nigeria. HFM, a broker based in Nigeria, provides a wide range of advanced trading alternatives. The dynamic NGN-denominated accounts provided by HFM allow for the easy trading of more than a thousand different items.
Best Lowest Spread Share Broker in Nigeria
Overall, Tickmill is the best lowest spread Share broker in Nigeria. Tickmill receives its liquidity from suppliers like Barclays, allowing it to provide market execution on transactions with spreads starting at 0 pips on popular products like EUR/USD.
Best Nasdaq 100 Share Broker in Nigeria
Overall, AvaTrade is the best Nasdaq 100 Share, broker. Nigerian traders have access to a few international markets with AvaTrade, including the well-known Nasdaq 100 index. There are no commission costs and AvaTrade offers traders attractive spreads.
Best Volatility 75 / VIX 75 Share Broker in Nigeria
Overall, IG is the best Volatility 75 / VIX 75 Share broker in Nigeria. Because of IG’s many trading platforms and competitive trading environment, it is the most often used alternative for CFDs on the VIX 75. Additionally, IG offers a wide range of useful resources, such as a trading ideas section, podcasts, an economic calendar, and analytical tools.
Best NDD Share Broker in Nigeria
Overall, Capital.com is the best NDD Share broker in Nigeria. A single live account with a choice of tradeable items is offered by Capital.com. Capital.com offers commission-free trades with spreads starting at 0.6 pips, making it a competitive ECN and STP NDD broker.
Best STP Share Broker in Nigeria
Overall, FP Markets is the best STP Share broker in Nigeria. As a low-cost broker, FP Markets offers a wide variety of tradable assets to Nigerians. Seven retail accounts are offered by FP Markets, together with STP market execution and liquidity from Goldman Sachs, Credit Suisse, and other banks.
Best Sign-up Bonus Broker in Nigeria
Overall, XM is the best sign-up bonus broker in Nigeria. Nigerians like XM because of its strong trading platforms and variety of easily available financial instruments. Additionally, XM offers new account users who confirm their details a $30 welcome bonus.
Conclusion
Investors that acquire shares on the NGX while they are discounted may have a foothold in the market before the price of the stock rises, enabling them to capitalize on price increases by “buying the dip.”
You could limit your monetary loss by investing in inexpensive stocks, but you still face the risk of experiencing a loss. As with any financial investment, diversity is key.
Never put all your eggs in the basket of one stock. You may lower your exposure to risk by spreading your money around across a variety of asset classes, including stocks, bonds, and mutual funds.
Frequently asked questions
After purchasing shares, how can I expect to be paid dividends, and by when?
If you bought a dividend-paying stock, the corporation would pay you dividends every three months.
What happens if nobody purchases shares that you are trying to sell?
You are unable to sell your shares if there are no buyers. This implies that you must keep the shares until investors express interest in purchasing them.
Is buying inexpensive stocks a disadvantage?
Yes, if you acquire shares at a discount in the hopes that they will increase in value, this may not occur, and you may end yourself sitting on shares that no one wants to buy.
Which day of the week is ideal for selling stocks on the NGX?
If the price of stocks is higher on Friday, Monday would be the best day to close a short position that was opened on Friday.
How do you purchase cheap shares on the NGX?
The concept of buying cheap and selling expensively is based on market timing. It involves trying to anticipate when stock will be at its lowest price and purchasing shares with the expectation that they would increase in value.
