No Dividend Stocks
58 stocks matched · Updated daily after market close
Not every company on the NGX pays dividends. Some retain all earnings to fund expansion, reduce debt, or navigate a turnaround. This screen lists NGX stocks with no current dividend yield. While the absence of a dividend is sometimes a red flag (especially for mature companies), it can also signal an aggressive growth strategy or a company in an investment-heavy phase. Use EPS trends to judge quality here.
No Dividend Stocks — 58 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦72.0000 | +1.4600% | 2,168,102 | 874,575,233,352 | — | -1.7500 |
|
NIGERIA REAL ESTATE INV. TRUST FUND
NREIT |
CONSTRUCTION/REAL ESTATE | ₦113.0000 | +0.0000% | 167,501 | 187,215,600,086 | — | — |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦8.9500 | +4.6800% | 2,351,435 | 53,465,269,690 | — | -0.7300 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.5000 | +1.3500% | 3,938,444 | 27,535,200,000 | 3.1500 | 0.4700 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦12.7500 | -3.0400% | 547,366 | 14,233,859,878 | 4.6500 | 2.8300 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.6600 | -5.6800% | 839,004 | 14,080,000,000 | — | -0.0600 |
|
GOLDEN GUINEA BREW. PLC.
GOLDBREW |
CONSUMER GOODS | ₦7.1000 | +0.0000% | 0 | 7,123,679,814 | — | -0.1200 |
|
CRITICAL MINERALS FINANCING CORP PLC
CMFC |
FINANCIAL SERVICES | ₦3.3900 | +1.1900% | 3,954,645 | 4,772,098,800 | — | -0.0800 |
|
DN TYRE & RUBBER PLC
DUNLOP |
CONSUMER GOODS | ₦0.2000 | +0.0000% | 0 | 954,533,842 | 10.0000 | 0.0200 |
|
GREIF NIGERIA PLC
VANLEER |
INDUSTRIAL GOODS | ₦5.4500 | +0.0000% | 0 | 232,388,000 | 2.3600 | 2.3100 |
|
BRICLINKS AFRICA PLC
BAPLC |
ICT | ₦6.2500 | +0.0000% | 0 | 62,500,000 | — | — |
|
AUSTIN LAZ & COMPANY PLC
AUSTINLAZ |
INDUSTRIAL GOODS | ₦3.6300 | +0.0000% | 94,446 | — | — | -0.0100 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦11.2000 | +0.0000% | 38,578 | — | 6.3500 | 1.7600 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.4600 | +0.6900% | 10,580,648 | — | 5.5400 | 0.2600 |
|
SECURE ELECTRONIC TECHNOLOGY PLC
NSLTECH |
SERVICES | ₦0.8500 | +3.6600% | 7,303,081 | — | — | -0.0300 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦38.0000 | +2.6300% | 4,772,912 | — | 1.9100 | 19.8700 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦4.3300 | +3.1000% | 3,934,977 | — | 237.6600 | 0.0200 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦13.0500 | -6.1200% | 3,359,235 | — | 56.8400 | 0.2400 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.9500 | +3.2600% | 2,859,434 | — | 7.6000 | -0.0400 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.9500 | -3.1600% | 789,607 | — | 24.6100 | 0.0400 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.5700 | +0.0000% | 758,856 | — | 40.4100 | 0.0400 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.4000 | +0.0000% | 27,032 | — | 575.3800 | 0.0200 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 6,411 | — | 30.4500 | 1.0900 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦3125.0000 | +0.0000% | 4,093 | — | 21.7700 | 143.5500 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 305 | — | 140.6700 | 0.1700 |
|
UNITY BANK PLC
UNITYBNK |
FINANCIAL SERVICES | ₦1.5100 | +0.0000% | 0 | — | — | -9.8300 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.9400 | +9.2900% | 1,107,839 | — | 28.2000 | 0.1000 |
|
P Z CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦81.0000 | +0.0000% | 998,345 | — | 6.8700 | 11.7900 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦9.0500 | +0.0000% | 918,462 | — | 39.2900 | 0.2300 |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦74.0000 | +4.2300% | 899,755 | — | 19.9400 | 3.5600 |
|
CAVERTON OFFSHORE SUPPORT GRP PLC
CAVERTON |
SERVICES | ₦5.0500 | +0.0000% | 505,254 | — | — | -3.5100 |
|
PHARMA-DEKO PLC.
PHARMDEKO |
HEALTHCARE | ₦1.8300 | +0.0000% | 0 | — | — | -1.3700 |
|
AVA INFRASTRUCTURE FUND
AVAIF |
CONSTRUCTION/REAL ESTATE | ₦1000000.0000 | +0.0000% | 0 | — | — | — |
|
EKOCORP PLC.
EKOCORP |
HEALTHCARE | ₦5.8000 | +0.0000% | 0 | — | — | -0.9000 |
|
RONCHESS GLOBAL RESOURCES PLC
RONCHESS |
CONSTRUCTION/REAL ESTATE | ₦81.0000 | +0.0000% | 0 | — | — | — |
|
MULTI-TREX INTEGRATED FOODS PLC
MULTITREX |
CONSUMER GOODS | ₦0.3600 | +0.0000% | 0 | — | — | -0.0800 |
|
STACO INSURANCE PLC
STACO |
FINANCIAL SERVICES | ₦0.4800 | +0.0000% | 0 | — | — | -0.0900 |
|
AFRICAN ALLIANCE INSURANCE PLC
AFRINSURE |
FINANCIAL SERVICES | ₦0.2000 | +0.0000% | 0 | — | — | -0.1400 |
|
AFROMEDIA PLC
AFROMEDIA |
SERVICES | ₦0.2400 | +0.0000% | 0 | — | — | — |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦3.0200 | -9.8500% | 1,734,877 | — | — | -0.3200 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.8900 | +8.9600% | 738,265 | — | 277.9900 | 0.0100 |
|
ALUMINIUM EXTRUSION IND. PLC.
ALEX |
NATURAL RESOURCES | ₦9.9000 | +0.0000% | 86,130 | — | — | -1.2100 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦13.2000 | +0.0000% | 8,549 | — | 47.7900 | 0.2800 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 2,404 | — | 89.8600 | 1.7900 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦210.0000 | +0.0000% | 844 | — | 415.3500 | 0.5100 |
|
JULI PLC.
JULI |
SERVICES | ₦7.2500 | +0.0000% | 400 | — | 47.7300 | 0.1500 |
|
DEAP CAPITAL MANAGEMENT & TRUST PLC
DEAPCAP |
FINANCIAL SERVICES | ₦3.8000 | +1.3300% | 9,435,501 | — | — | -0.0800 |
|
NIGERIAN ENAMELWARE PLC.
ENAMELWA |
CONSUMER GOODS | ₦40.7000 | +0.0000% | 76 | — | — | -0.5800 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦8.1800 | -0.3700% | 1,814,985 | — | 27.2900 | 0.3000 |
|
FORTIS GLOBAL INSURANCE PLC
FTGINSURE |
FINANCIAL SERVICES | ₦2.9200 | +5.4200% | 1,158,750 | — | — | -0.1500 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4500 | +0.0000% | 737,984 | — | 33.7200 | 0.0400 |
|
OMATEK VENTURES PLC
OMATEK |
ICT | ₦1.8400 | +0.0000% | 657,802 | — | — | -0.0200 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦30.4000 | +0.0000% | 222,134 | — | 2314.3500 | -0.0300 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.4200 | +6.6100% | 11,115,011 | — | 7.7000 | 0.2900 |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦9.0000 | +0.0000% | 4,388,410 | — | — | -0.7700 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦0.9300 | +3.3300% | 2,229,968 | — | 23.8300 | -0.0200 |
|
LASACO ASSURANCE PLC.
LASACO |
FINANCIAL SERVICES | ₦1.9700 | +1.5500% | 921,983 | — | — | -0.1600 |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦4.6600 | +0.0000% | 440,416 | — | 27.1100 | 0.1700 |
Frequently Asked Questions
Why do some NGX companies not pay dividends?
Companies may withhold dividends to fund capital expenditure, repay debt, acquire competitors, or simply because they are not yet profitable. In some cases, regulatory requirements (such as CBN capital adequacy rules for banks) can restrict dividend payments during certain periods.
Can non-dividend stocks still be good investments?
Absolutely. If a company reinvests its earnings wisely and grows its EPS consistently, the share price will appreciate over time, delivering capital gains. The total return (price gain + dividends) is what ultimately matters for investors.