No Dividend Stocks
59 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 — 59 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 3,902 | 2,576,053,553,375 | 24.5400 | 132.4200 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 115,669 | 2,440,228,075,387 | 48.2600 | 0.3000 |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦73.5000 | -0.6800% | 2,427,065 | 2,277,252,478,620 | 23.1700 | 3.1900 |
|
ECOBANK TRANSNATIONAL INCORPORATED
ETI |
FINANCIAL SERVICES | ₦67.3000 | +9.9700% | 3,550,114 | 1,452,349,895,144 | 2.1500 | 25.5200 |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 268,656 | 850,281,476,870 | — | -5.2700 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦48.0000 | +3.2300% | 700,451 | 578,060,680,367 | 1.7500 | 25.5300 |
|
P Z CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 73,443 | 302,947,398,534 | 8.4500 | 9.0300 |
|
NIGERIA REAL ESTATE INV. TRUST FUND
NREIT |
CONSTRUCTION/REAL ESTATE | ₦0.0000 | +0.0000% | 484 | 170,647,847,866 | — | — |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 214,330 | 166,534,150,818 | 13.8300 | 1.5200 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.8200 | +8.4600% | 666,347 | 62,378,366,716 | 9.0700 | 0.3100 |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦10.6000 | -1.8500% | 3,997,036 | 41,668,275,722 | — | -0.3800 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦0.0000 | +0.0000% | 217,459 | 40,594,493,767 | 39.3900 | 0.2300 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦0.0000 | +0.0000% | 1,682 | 40,227,083,594 | 841.2200 | 0.2000 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.4500 | -4.6100% | 1,369,955 | 28,089,599,986 | 8.9400 | 0.1700 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 344,355 | 26,207,999,999 | 6.9500 | 0.2700 |
|
LASACO ASSURANCE PLC.
LASACO |
FINANCIAL SERVICES | ₦2.0000 | +0.0000% | 709,322 | 22,167,171,710 | — | -0.2800 |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦0.0000 | +0.0000% | 171,402 | 21,599,995,810 | — | -1.0000 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦0.0000 | +0.0000% | 4,095 | 21,492,000,000 | 109.3400 | 1.8200 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦0.0000 | +0.0000% | 230,791 | 21,450,000,000 | — | -0.0600 |
|
CAVERTON OFFSHORE SUPPORT GRP PLC
CAVERTON |
SERVICES | ₦5.5000 | -9.8400% | 830,737 | 20,438,109,475 | — | -3.5100 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦4.0000 | +2.0400% | 1,698,431 | 19,600,000,000 | 268.0900 | 0.0100 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦1.2100 | +0.0000% | 3,787,661 | 19,360,000,000 | 4.3400 | 0.2800 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4100 | +1.4400% | 554,075 | 18,421,061,024 | 30.2300 | 0.0500 |
|
UNITY BANK PLC
UNITYBNK |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 0 | 17,650,900,292 | — | -9.8300 |
|
FORTIS GLOBAL INSURANCE PLC
FTGINSURE |
FINANCIAL SERVICES | ₦1.4800 | +9.6300% | 12,972,129 | 17,429,891,291 | — | -0.1300 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 66,133 | 16,165,050,000 | 26.1700 | 0.0400 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦0.0000 | +0.0000% | 3,708 | 14,808,240,000 | 213.9700 | 0.0600 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦0.0000 | +0.0000% | 29,483 | 14,718,551,312 | 31.8200 | 0.7100 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.5500 | -8.8200% | 565,089 | 14,053,388,198 | 16.5100 | 0.1000 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.8200 | +9.6400% | 2,607,272 | 13,280,000,000 | — | -0.1100 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦0.0000 | +0.0000% | 92,142 | 10,598,932,025 | 3.7400 | 2.3800 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦1.2100 | +0.0000% | 906,365 | 9,610,788,000 | 24.7300 | 0.0400 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦0.0000 | +0.0000% | 6,975 | 9,542,610,000 | — | -2.0100 |
|
DEAP CAPITAL MANAGEMENT & TRUST PLC
DEAPCAP |
FINANCIAL SERVICES | ₦4.8000 | -4.9500% | 1,788,194 | 7,578,333,000 | — | -0.0100 |
|
RONCHESS GLOBAL RESOURCES PLC
RONCHESS |
CONSTRUCTION/REAL ESTATE | ₦0.0000 | +0.0000% | 0 | 7,371,000,000 | — | — |
|
GOLDEN GUINEA BREW. PLC.
GOLDBREW |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 0 | 7,275,142,800 | — | -0.1200 |
|
OMATEK VENTURES PLC
OMATEK |
ICT | ₦0.0000 | +0.0000% | 313,327 | 6,295,429,470 | — | -0.0200 |
|
SECURE ELECTRONIC TECHNOLOGY PLC
NSLTECH |
SERVICES | ₦0.9800 | +1.0300% | 4,692,482 | 5,462,593,800 | — | -0.0300 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦0.0000 | +0.0000% | 272,500 | 5,448,119,768 | 10.1900 | 1.2800 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 6,297 | 4,612,500,000 | 2314.3500 | 0.0200 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 73,295 | 4,510,209,000 | 55.8300 | 0.3000 |
|
STACO INSURANCE PLC
STACO |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 0 | 4,483,722,052 | — | -0.1300 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 2,404 | 4,217,008,080 | — | -1.0900 |
|
AFRICAN ALLIANCE INSURANCE PLC
AFRINSURE |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 0 | 4,117,000,000 | — | -0.1400 |
|
AVA INFRASTRUCTURE FUND
AVAIF |
CONSTRUCTION/REAL ESTATE | ₦0.0000 | +0.0000% | 0 | 4,075,000,000 | — | — |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦0.0000 | +0.0000% | 188,473 | 3,890,779,032 | 9.7100 | 0.3400 |
|
AUSTIN LAZ & COMPANY PLC
AUSTINLAZ |
INDUSTRIAL GOODS | ₦0.0000 | +0.0000% | 437,813 | 3,887,496,000 | — | -0.0200 |
|
EKOCORP PLC.
EKOCORP |
HEALTHCARE | ₦0.0000 | +0.0000% | 0 | 2,891,885,266 | — | -0.9000 |
|
NIGERIAN ENAMELWARE PLC.
ENAMELWA |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 0 | 2,813,176,600 | — | -3.7500 |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦0.0000 | +0.0000% | 0 | 2,739,825,424 | — | -0.3500 |
|
ALUMINIUM EXTRUSION IND. PLC.
ALEX |
NATURAL RESOURCES | ₦0.0000 | +0.0000% | 3,518 | 2,320,535,800 | — | -1.2100 |
|
MULTI-TREX INTEGRATED FOODS PLC
MULTITREX |
CONSUMER GOODS | ₦0.0000 | +0.0000% | 0 | 2,243,056,994 | — | -0.0800 |
|
JULI PLC.
JULI |
SERVICES | ₦0.0000 | +0.0000% | 0 | 1,452,000,000 | 69.8900 | 0.1000 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦0.0000 | +0.0000% | 0 | 1,089,000,000 | — | -0.0600 |
|
AFROMEDIA PLC
AFROMEDIA |
SERVICES | ₦0.0000 | +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 |
|
PHARMA-DEKO PLC.
PHARMDEKO |
HEALTHCARE | ₦0.0000 | +0.0000% | 0 | 396,780,040 | — | -1.3700 |
|
GREIF NIGERIA PLC
VANLEER |
INDUSTRIAL GOODS | ₦5.4500 | +0.0000% | 0 | 232,388,000 | 2.3600 | 2.3100 |
|
BRICLINKS AFRICA PLC
BAPLC |
ICT | ₦0.0000 | +0.0000% | 0 | 62,500,000 | — | — |
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.