Companies in Nigeria Currently Selling Shares: Opportunities and How to Invest

Introduction

The Nigerian stock market, primarily facilitated by the Nigerian Exchange Group (NGX), is a dynamic platform where investors can buy and sell shares of publicly listed companies. As Africa’s largest economy, Nigeria offers a vibrant marketplace for both local and international investors seeking to capitalize on the growth of its diverse sectors, including telecommunications, banking, oil and gas, consumer goods, and manufacturing. With advancements in technology and a robust regulatory framework overseen by the Securities and Exchange Commission (SEC), investing in Nigerian shares has become more accessible, offering opportunities for capital appreciation and dividend income.

However, identifying companies currently selling shares and navigating the investment process can be challenging, especially for new investors. This article provides a comprehensive overview of companies in Nigeria currently offering shares, the process of buying shares, and how platforms like Xplug.media enhance job opportunities in related fields such as financial advisory and stockbroking. Xplug.media delivers AI-powered daily WhatsApp job alerts to subscribers for just 5,000 Naira per year, connecting job seekers with opportunities in Nigeria’s financial sector and beyond.

Understanding the Nigerian Stock Market

The Nigerian Exchange Group (NGX), established in 1960 as the Lagos Stock Exchange, is the primary platform for trading shares in Nigeria. It operates three listing categories:

• Premium Board: Elite companies with stringent governance, capitalization, and liquidity criteria.
• Main Board: Larger companies admitted based on profitability or market capitalization.
• Alternative Securities Market (ASeM): Smaller, high-growth emerging businesses.

As of 2025, the NGX hosts over 158 listed companies across sectors like financials, consumer goods, energy, and technology, with a market capitalization of approximately NGN 76.8 trillion as of July 8, 2025. Shares are traded through licensed stockbrokers or online trading platforms, regulated by the SEC under the Investments and Securities Act.

Companies Currently Selling Shares in Nigeria

Shares of publicly listed companies on the NGX are available for purchase through secondary market trading, where investors buy from existing shareholders rather than directly from the company. While specific companies may not always announce new share offerings (primary market), the secondary market is active, allowing investors to acquire shares of prominent firms. Below are key companies whose shares are actively traded on the NGX in 2025, based on market performance, dividend yields, and recent activity:

1. MTN Nigeria Communications Plc

• Sector: Telecommunications
• Market Capitalization: Over USD 10.6 billion (2023)
• Share Price: Approximately NGN 129 (2019, subject to change)
• Overview: MTN Nigeria, a subsidiary of the MTN Group, is the largest company by market capitalization on the NGX. Listed in May 2019, it provides mobile and internet services across Nigeria. Its strong subscriber base and investment in 5G technology make it a top choice for investors.
• Why Invest?: MTN offers consistent growth and is a leader in Nigeria’s telecom sector, with potential for capital appreciation.

2. Dangote Cement Plc

• Sector: Non-Energy Materials
• Market Capitalization: Approximately NGN 2.49 trillion (2019)
• Share Price: Around NGN 143.9 (2019, subject to change)
• Dividend Yield: 2023 yield of approximately 6-8% (based on historical payouts)
• Overview: Owned by Africa’s richest man, Aliko Dangote, this multinational cement manufacturer dominates Nigeria’s construction sector. Listed in 2010, it accounts for a significant portion of the NGX’s market capitalization.
• Why Invest?: Dangote Cement paid NGN 511 billion in dividends for 2023, making it a top choice for dividend-focused investors.

3. Airtel Africa Plc

• Sector: Telecommunications
• Dividend Yield: Significant, with NGN 276 billion distributed in 2023
• Overview: Airtel Africa, a British telecommunications company, operates in Nigeria and other African countries. It plans to list its mobile money services unit by mid-2026, potentially increasing its market presence.
• Why Invest?: Airtel’s strong dividend payouts and growth in mobile money services make it attractive for long-term investors.

4. Zenith Bank Plc

• Sector: Financials
• Share Price: Around NGN 33 (April 2024)
• Dividend Yield: 12.27% for 2023
• Overview: One of Nigeria’s leading commercial banks, Zenith Bank recorded a net income of NGN 676.6 billion in 2023, the highest in the country. It offers a range of financial services and is a top performer on the NGX.
• Why Invest?: High dividend yields and strong financial performance make Zenith Bank a stable investment option.

5. United Bank for Africa (UBA) Plc

• Sector: Financials
• Share Price: Around NGN 24 (May 2024)
• Dividend Yield: 11.89% for 2023
• Overview: UBA is a major commercial bank with a net income of NGN 607.7 billion in 2023. It distributed NGN 95.8 billion in dividends, reflecting a solid payout ratio.
• Why Invest?: UBA’s high dividend yield and consistent performance make it appealing for income-focused investors.

6. Oando Plc

• Sector: Oil and Gas
• Growth: 490.16% in 2025 compared to 2024
• Overview: Oando, an oil and gas company, has seen remarkable growth in 2025 due to rising global oil prices and increased energy demand. Its shares are actively traded on the NGX.
• Why Invest?: Oando’s significant growth makes it a high-potential investment, though it carries higher risk due to oil price volatility.

7. Transcorp Plc

• Sector: Conglomerate (Energy, Hospitality, Oil)
• Growth: 208.72% in 2025 compared to 2024
• Overview: Transcorp operates across multiple sectors, including electricity, oil, and hospitality. Its diversified portfolio has driven strong performance in 2025.
• Why Invest?: Transcorp’s diversification reduces risk, making it a stable yet dynamic investment option.

Upcoming Listings

• Dangote Fertiliser Limited: NGX Group and capital market leaders have expressed readiness to support the imminent listing of Dangote Fertiliser Limited, a milestone for Nigeria’s industrial sector.
• State-Owned Enterprises: Companies like Ajaokuta Steel Company, Bank of Agriculture, and Nigerian Liquefied Natural Gas are expected to list soon, offering new investment opportunities.

Note: Share prices and market conditions fluctuate daily. Investors should check real-time data through the NGX website or trading platforms like X-DataPortal.

How to Buy Shares in Nigeria

Investing in Nigerian shares is straightforward with the right guidance. Here’s a step-by-step process:

1. Research the Market: Study company performance, market trends, and sector outlooks. Resources like NGX’s website, brokerage platforms, and investment blogs (e.g., TransferXO) provide valuable insights.
2. Choose a Stockbroker: Select a licensed stockbroker or online trading platform (e.g., Stanbic IBTC E-Trade, Chaka, or Bamboo). Ensure they align with your investment goals and offer competitive fees.
3. Open a Brokerage Account: Provide identification documents and open a Central Securities Clearing System (CSCS) account to hold your shares electronically.
4. Fund Your Account: Deposit funds into your CSCS account to place buy orders.
5. Place a Buy Order: Specify the company, number of shares, and price (bid or ask). Your broker will execute the trade on the NGX.
6. Monitor Your Portfolio: Use brokerage platforms or the NGX mobile app to track performance, dividends, and market news.

Benefits of Investing in Nigerian Shares

• Capital Appreciation: Share prices may increase over time, allowing investors to sell at a profit.
• Dividend Income: Many NGX-listed companies, like Zenith Bank and Dangote Cement, pay regular dividends, providing passive income.
• Diversification: The NGX offers companies across sectors, reducing investment risk.
• Liquidity: Online trading platforms enhance ease of buying and selling shares.
• Regulatory Protection: The SEC ensures a sound regulatory framework, safeguarding investor interests.

Risks to Consider

• Market Volatility: Share prices can fluctuate due to economic, political, or global factors.
• Company Performance: Poor management or sector challenges can affect returns.
• Currency Risk: For foreign investors, Naira fluctuations may impact gains.

Investors should conduct thorough research, diversify portfolios, and seek professional advice to mitigate risks.

Xplug.media: Enhancing Job Opportunities in Nigeria’s Financial Sector

The growth of Nigeria’s stock market has spurred demand for jobs in financial advisory, stockbroking, and related fields. Xplug.media is transforming how job seekers access these opportunities with its AI-powered WhatsApp job alert system. For just 5,000 Naira per year, subscribers receive daily, location-specific job notifications, connecting them with roles in financial services, home services, office services, night jobs, part-time jobs, and weekend jobs. Here’s how Xplug.media supports job seekers and employers:

1. AI-Powered Job Alerts

Xplug.media uses an AI Automation Grabber to collect job postings from employers across Nigeria. Subscribers receive over 70 job or work offers per week, tailored to their location, ensuring access to opportunities in cities like Lagos, Abuja, or Kano.

2. Affordable Subscription

The annual subscription of 5,000 Naira makes Xplug.media accessible to students, graduates, and professionals seeking roles in stockbroking, financial advisory, or customer service within the financial sector.

3. Free Job Posting for Employers

Employers, such as brokerage firms or financial institutions, can submit job offers to Xplug.media for free, reaching a vast subscriber base. This streamlines recruitment for roles supporting Nigeria’s stock market.

4. Unmatched Reach

With over 76,000 jobs sent to its WhatsApp channel per week, Xplug.media is Nigeria’s biggest online employer of labor, connecting job seekers with diverse opportunities in the financial sector and beyond.

5. Fast Job Applications

Subscribers receive employer contact details with job alerts, enabling direct and rapid applications, crucial for competitive roles in Nigeria’s financial industry.

How to Get Started with Xplug.media

• Subscribe: Pay 5,000 Naira annually to join Xplug.media’s WhatsApp channel.
• Receive Alerts: Get over 70 weekly job offers tailored to your location.
• Apply Directly: Contact employers using provided details for quick applications.
• Employers: Submit job offers for free to reach thousands of candidates.

Conclusion

Nigeria’s stock market offers a wealth of investment opportunities through companies like MTN Nigeria, Dangote Cement, Airtel Africa, Zenith Bank, UBA, Oando, and Transcorp, with upcoming listings like Dangote Fertiliser Limited adding to the excitement. By leveraging the NGX and reputable brokers, investors can tap into capital appreciation and dividend income while navigating risks with informed strategies. Concurrently, the growth of the financial sector creates jobs in stockbroking, advisory, and support roles, which Xplug.media makes accessible through its AI-powered job alerts.

For just 5,000 Naira per year, Xplug.media connects job seekers with over 70 weekly opportunities in their location, while employers can post jobs for free to reach a vast audience. Whether you’re an investor looking to buy shares or a job seeker aiming to join Nigeria’s financial industry, platforms like NGX and Xplug.media provide the tools to succeed. Start today and unlock the potential of Nigeria’s vibrant economy.