No Dividend Stocks
56 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 — 56 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.7700 | +0.0000% | 0 | 12,320,000,000 | 2.2300 | 0.3400 |
|
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 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4000 | -2.1400% | 2,708,324 | — | 16.2600 | 0.0900 |
|
OMATEK VENTURES PLC
OMATEK |
ICT | ₦1.6500 | +10.0000% | 1,889,995 | — | — | -0.0300 |
|
FORTIS GLOBAL INSURANCE PLC
FTGINSURE |
FINANCIAL SERVICES | ₦1.9400 | +0.0000% | 550,123 | — | — | -1.2400 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦9.1000 | +0.0000% | 140,969 | — | 4.1500 | 2.1900 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.8300 | +2.2300% | 6,432,186 | — | 7.4000 | 0.2400 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦0.7500 | -2.6000% | 3,421,832 | — | 77.5200 | 0.0100 |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦7.8000 | +8.3300% | 1,512,407 | — | — | -0.6500 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.5100 | +0.0000% | 1,305,768 | — | 64.4000 | 0.0200 |
|
LASACO ASSURANCE PLC.
LASACO |
FINANCIAL SERVICES | ₦1.8800 | +1.6200% | 1,063,001 | — | — | -0.1500 |
|
AUSTIN LAZ & COMPANY PLC
AUSTINLAZ |
INDUSTRIAL GOODS | ₦2.7200 | +8.8000% | 1,036,500 | — | — | -0.0100 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦11.4000 | +0.0000% | 385,034 | — | 4.0800 | 2.7900 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.1900 | +6.8300% | 17,011,112 | — | 5.4600 | 0.3800 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦3.8200 | -4.9800% | 7,909,175 | — | 198.0200 | 0.0200 |
|
SECURE ELECTRONIC TECHNOLOGY PLC
NSLTECH |
SERVICES | ₦0.7600 | +2.7000% | 4,853,008 | — | — | -0.0200 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦34.0000 | +2.7200% | 4,409,507 | — | 1.2600 | 26.3300 |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦7.9000 | -0.6300% | 2,479,122 | — | — | -0.8300 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦0.9600 | +9.0900% | 2,305,989 | — | 33.2000 | -0.0700 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦9.8000 | +5.9500% | 1,891,891 | — | 32.4700 | 0.2800 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.8600 | +7.5000% | 850,917 | — | 20.1400 | 0.0400 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.1500 | -0.8600% | 28,981,233 | — | 6.0400 | -0.1300 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦2830.0000 | +0.0000% | 80,215 | — | 18.8200 | 150.3400 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.4000 | +0.0000% | 49,071 | — | 2489.9200 | 0.0000 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 16,005 | — | 56.7900 | 0.5800 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 8,623 | — | 118.7000 | 0.2000 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦30.4000 | +0.0000% | 3,801 | — | 2314.3500 | -0.0400 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.7500 | +0.0000% | 82,676 | — | 19.2000 | 0.1400 |
|
MULTI-TREX INTEGRATED FOODS PLC
MULTITREX |
CONSUMER GOODS | ₦0.3600 | +0.0000% | 0 | — | — | -0.0800 |
|
BRICLINKS AFRICA PLC
BAPLC |
ICT | ₦6.2500 | +0.0000% | 0 | — | — | — |
|
PHARMA-DEKO PLC.
PHARMDEKO |
HEALTHCARE | ₦1.8300 | +0.0000% | 0 | — | — | -1.3700 |
|
UNITY BANK PLC
UNITYBNK |
FINANCIAL SERVICES | ₦1.5100 | +0.0000% | 0 | — | — | -9.8300 |
|
STACO INSURANCE PLC
STACO |
FINANCIAL SERVICES | ₦0.4800 | +0.0000% | 0 | — | — | -0.1500 |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦75.0000 | +8.0700% | 31,245,501 | — | 20.7800 | 3.3400 |
|
AFRICAN ALLIANCE INSURANCE PLC
AFRINSURE |
FINANCIAL SERVICES | ₦0.2000 | +0.0000% | 0 | — | — | -0.1400 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦7.9000 | +1.2800% | 820,388 | — | 34.0100 | 0.2300 |
|
CAVERTON OFFSHORE SUPPORT GRP PLC
CAVERTON |
SERVICES | ₦4.2000 | +0.0000% | 747,913 | — | — | -7.2400 |
|
RONCHESS GLOBAL RESOURCES PLC
RONCHESS |
CONSTRUCTION/REAL ESTATE | ₦81.0000 | +0.0000% | 0 | — | — | — |
|
EKOCORP PLC.
EKOCORP |
HEALTHCARE | ₦5.8000 | +0.0000% | 0 | — | — | -0.9000 |
|
AVA INFRASTRUCTURE FUND
AVAIF |
CONSTRUCTION/REAL ESTATE | ₦1000000.0000 | +0.0000% | 0 | — | — | — |
|
GOLDEN GUINEA BREW. PLC.
GOLDBREW |
CONSUMER GOODS | ₦7.1000 | +0.0000% | 0 | — | — | -0.1200 |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦3.0500 | +0.0000% | 85,114 | — | — | -0.2300 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦9.7000 | +0.0000% | 37,853 | — | 5.2600 | 1.8500 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦2.8800 | +0.0000% | 27,015 | — | 265.5300 | -0.1000 |
|
NIGERIA REAL ESTATE INV. TRUST FUND
NREIT |
CONSTRUCTION/REAL ESTATE | ₦113.0000 | +0.0000% | 5,895 | — | — | — |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦189.0000 | +0.0000% | 1,755 | — | 126.4100 | 1.5000 |
|
JULI PLC.
JULI |
SERVICES | ₦7.2500 | +0.0000% | 1,005 | — | 50.5300 | 0.1400 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 522 | — | 55.9300 | 2.8800 |
|
ALUMINIUM EXTRUSION IND. PLC.
ALEX |
NATURAL RESOURCES | ₦9.9000 | +0.0000% | 0 | — | — | -1.2100 |
|
DEAP CAPITAL MANAGEMENT & TRUST PLC
DEAPCAP |
FINANCIAL SERVICES | ₦3.8000 | +1.3300% | 9,435,501 | — | — | -0.0600 |
|
NIGERIAN ENAMELWARE PLC.
ENAMELWA |
CONSUMER GOODS | ₦40.7000 | +0.0000% | 0 | — | — | -0.4900 |
|
AVA CAPITAL PLC
AVACAP |
FINANCIAL SERVICES | ₦6.0000 | -7.6900% | 8,365,212 | — | — | — |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦70.0000 | +1.4500% | 5,374,771 | — | 488.5900 | 0.1400 |
|
CRITICAL MINERALS FINANCING CORP PLC
CMFC |
FINANCIAL SERVICES | ₦2.7700 | -4.4800% | 4,427,823 | — | — | -0.0600 |
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.