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 (₦) |
|---|---|---|---|---|---|---|---|
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦83.7500 | +0.1800% | 2,868,241 | 2,633,557,288,200 | 23.4800 | 3.5600 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦3125.0000 | +0.0000% | 65,514 | 2,477,050,787,500 | 21.7700 | 143.5500 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦10.3000 | +0.9800% | 77,908,532 | 44,226,632,682 | 44.2800 | 0.2300 |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦10.0000 | -0.5000% | 6,061,981 | 38,581,736,780 | — | -0.3800 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.7900 | +0.5600% | 17,096,903 | 31,600,800,000 | 3.7900 | 0.4700 |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦9.3000 | -0.5300% | 3,211,552 | 27,899,994,587 | — | -0.7700 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.6600 | +0.6100% | 9,495,414 | 22,879,999,999 | 6.3100 | 0.2600 |
|
LASACO ASSURANCE PLC.
LASACO |
FINANCIAL SERVICES | ₦2.0800 | -0.9600% | 4,407,422 | 22,832,186,861 | — | -0.1800 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦4.8000 | -1.8400% | 19,004,904 | 22,500,000,000 | 276.7100 | 0.0200 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦1.0900 | -2.6800% | 10,582,286 | 18,080,000,000 | 3.9900 | 0.2800 |
|
UNITY BANK PLC
UNITYBNK |
FINANCIAL SERVICES | ₦1.5100 | +0.0000% | 0 | 17,650,900,292 | — | -9.8300 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 11,622 | 17,409,600,000 | 88.5700 | 1.8200 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦1.0200 | +0.9900% | 9,271,569 | 17,125,350,000 | 26.1700 | 0.0400 |
|
FORTIS GLOBAL INSURANCE PLC
FTGINSURE |
FINANCIAL SERVICES | ₦1.0100 | +1.0000% | 2,022,614 | 12,911,030,586 | — | -0.1300 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦13.2000 | +0.0000% | 30,835 | 9,542,610,000 | 20.5900 | 0.6400 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦1.0800 | -0.9200% | 2,056,773 | 8,657,652,000 | 23.8300 | -0.0200 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦15.3000 | -9.7300% | 534,949 | 7,316,046,546 | 9.6100 | 1.7600 |
|
GOLDEN GUINEA BREW. PLC.
GOLDBREW |
CONSUMER GOODS | ₦7.1000 | +0.0000% | 0 | 7,123,679,814 | — | -0.1200 |
|
OMATEK VENTURES PLC
OMATEK |
ICT | ₦1.9900 | +0.5000% | 1,887,715 | 5,795,325,260 | — | -0.0200 |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦4.7600 | -9.8500% | 1,510,803 | 4,886,792,848 | — | -0.3200 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦33.7500 | +0.0000% | 112,994 | 4,612,500,000 | 2314.3500 | -0.0300 |
|
STACO INSURANCE PLC
STACO |
FINANCIAL SERVICES | ₦0.4800 | +0.0000% | 0 | 4,483,722,052 | — | -0.1300 |
|
AVA INFRASTRUCTURE FUND
AVAIF |
CONSTRUCTION/REAL ESTATE | ₦1000000.0000 | +0.0000% | 0 | 4,075,000,000 | — | — |
|
JULI PLC.
JULI |
SERVICES | ₦7.2500 | +0.0000% | 3,235 | 1,450,000,000 | 47.7300 | 0.1500 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.7500 | +0.0000% | 0 | 1,089,000,000 | — | -0.0600 |
|
AFROMEDIA PLC
AFROMEDIA |
SERVICES | ₦0.2400 | +0.0000% | 0 | 1,065,371,277 | — | — |
|
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 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦209.9500 | +0.0000% | 15,024 | — | 415.2500 | 0.5100 |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦71.1500 | +1.7600% | 10,669,956 | — | — | -1.7500 |
|
NIGERIAN ENAMELWARE PLC.
ENAMELWA |
CONSUMER GOODS | ₦37.0000 | +0.0000% | 200 | — | — | -0.5800 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4800 | -5.1300% | 2,982,395 | — | 36.2800 | 0.0400 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦9.0900 | +1.5600% | 2,425,352 | — | 29.7500 | 0.3000 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 35,244 | — | 140.6700 | 0.1700 |
|
RONCHESS GLOBAL RESOURCES PLC
RONCHESS |
CONSTRUCTION/REAL ESTATE | ₦81.0000 | +0.0000% | 0 | — | — | — |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦4.9700 | +9.9600% | 5,181,850 | — | 26.3000 | 0.1700 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦14.9000 | +9.1600% | 3,879,333 | — | 4.8300 | 2.8300 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.9500 | -5.1300% | 1,590,485 | — | — | -0.0600 |
|
AUSTIN LAZ & COMPANY PLC
AUSTINLAZ |
INDUSTRIAL GOODS | ₦3.7600 | -5.0500% | 1,529,509 | — | — | -0.0100 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.6300 | -1.5000% | 1,298,959 | — | 9.0600 | 0.2900 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 39,061 | — | 30.4500 | 1.0900 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.6200 | +0.0000% | 18,092 | — | 587.5600 | 0.0200 |
|
SECURE ELECTRONIC TECHNOLOGY PLC
NSLTECH |
SERVICES | ₦0.8700 | +1.1600% | 18,342,463 | — | — | -0.0300 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦48.0500 | -5.7800% | 5,014,004 | — | 2.0000 | 25.5300 |
|
DEAP CAPITAL MANAGEMENT & TRUST PLC
DEAPCAP |
FINANCIAL SERVICES | ₦5.1600 | -9.1500% | 4,025,758 | — | — | -0.0800 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.5000 | +0.0000% | 2,851,167 | — | 14.5600 | 0.1000 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦12.6500 | -0.7900% | 1,869,520 | — | 51.7300 | 0.2400 |
|
EKOCORP PLC.
EKOCORP |
HEALTHCARE | ₦5.8000 | +0.0000% | 0 | — | — | -0.9000 |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦18.4500 | +1.3700% | 7,708,810 | — | 8.7500 | 2.0800 |
|
CAVERTON OFFSHORE SUPPORT GRP PLC
CAVERTON |
SERVICES | ₦6.0000 | -6.9800% | 1,972,772 | — | — | -3.5100 |
|
P Z CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦98.0000 | +0.0000% | 977,439 | — | 10.8500 | 9.0300 |
|
BRICLINKS AFRICA PLC
BAPLC |
ICT | ₦6.2500 | +0.0000% | 0 | — | — | — |
|
MULTI-TREX INTEGRATED FOODS PLC
MULTITREX |
CONSUMER GOODS | ₦0.3600 | +0.0000% | 0 | — | — | -0.0800 |
|
PHARMA-DEKO PLC.
PHARMDEKO |
HEALTHCARE | ₦1.8300 | +0.0000% | 0 | — | — | -1.3700 |
|
AFRICAN ALLIANCE INSURANCE PLC
AFRINSURE |
FINANCIAL SERVICES | ₦0.2000 | +0.0000% | 0 | — | — | -0.1400 |
|
ALUMINIUM EXTRUSION IND. PLC.
ALEX |
NATURAL RESOURCES | ₦9.9000 | +0.0000% | 738,984 | — | — | -1.2100 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.9800 | +0.0000% | 92,770 | — | 1055.4100 | 0.0000 |
|
NIGERIA REAL ESTATE INV. TRUST FUND
NREIT |
CONSTRUCTION/REAL ESTATE | ₦103.0000 | +0.0000% | 16,182 | — | — | — |
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.