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 | ₦73.0000 | +0.0700% | 2,324,893 | 874,575,233,352 | — | -1.7500 |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦9.0000 | +0.5600% | 4,107,698 | 53,465,269,690 | — | -0.7300 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦12.7500 | +0.0000% | 495,441 | 14,233,859,878 | 4.5100 | 2.8300 |
|
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 |
|
FORTIS GLOBAL INSURANCE PLC
FTGINSURE |
FINANCIAL SERVICES | ₦2.8400 | +0.0000% | 486,154 | — | — | -0.1500 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦30.4000 | +0.0000% | 5,337 | — | 2314.3500 | -0.0300 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦0.8700 | -1.1400% | 53,404,202 | — | 23.8300 | -0.0200 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.5000 | -0.6700% | 19,988,107 | — | 3.1900 | 0.4700 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.6000 | +7.4400% | 4,405,014 | — | 8.2100 | 0.2900 |
|
LASACO ASSURANCE PLC.
LASACO |
FINANCIAL SERVICES | ₦2.0000 | +5.2600% | 3,890,263 | — | — | -0.1600 |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦8.6500 | -3.8900% | 2,761,572 | — | — | -0.7700 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.6500 | -2.9400% | 2,397,115 | — | — | -0.0600 |
|
INTERNATIONAL ENERGY INSURANCE PLC
INTENEGINS |
FINANCIAL SERVICES | ₦4.6600 | +0.4300% | 359,641 | — | 27.0000 | 0.1700 |
|
AUSTIN LAZ & COMPANY PLC
AUSTINLAZ |
INDUSTRIAL GOODS | ₦3.6300 | +0.0000% | 71,334 | — | — | -0.0100 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦11.2000 | +0.0000% | 47,894 | — | 6.3500 | 1.7600 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.4800 | +4.2300% | 26,739,221 | — | 36.5500 | 0.0400 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦39.0000 | -0.3800% | 4,823,920 | — | 1.9600 | 19.8700 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.5700 | +0.6400% | 4,491,018 | — | 5.9600 | 0.2600 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦4.4800 | +2.2800% | 4,186,331 | — | 247.8500 | 0.0200 |
|
SECURE ELECTRONIC TECHNOLOGY PLC
NSLTECH |
SERVICES | ₦0.8400 | +1.2000% | 3,219,714 | — | — | -0.0300 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.9400 | +3.3000% | 1,701,016 | — | 7.6000 | -0.0400 |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦13.3500 | +0.7500% | 1,510,944 | — | 54.1900 | 0.2400 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.9400 | +1.0800% | 1,491,398 | — | 24.0900 | 0.0400 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦3125.0000 | +0.0000% | 11,298 | — | 21.7700 | 143.5500 |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 6,743 | — | 30.4500 | 1.0900 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.4000 | +0.0000% | 4,200 | — | 575.3800 | 0.0200 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 2,789 | — | 140.6700 | 0.1700 |
|
UNITY BANK PLC
UNITYBNK |
FINANCIAL SERVICES | ₦1.5100 | +0.0000% | 0 | — | — | -9.8300 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦3.0900 | +5.1000% | 14,746,422 | — | 30.8200 | 0.1000 |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦75.0000 | +0.5400% | 9,978,430 | — | 20.9600 | 3.5600 |
|
CAVERTON OFFSHORE SUPPORT GRP PLC
CAVERTON |
SERVICES | ₦5.0000 | -0.9900% | 3,533,303 | — | — | -4.1100 |
|
P Z CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦80.9500 | +0.0000% | 1,320,411 | — | 6.8600 | 11.7900 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦9.0000 | -0.5500% | 753,790 | — | 39.2900 | 0.2300 |
|
PHARMA-DEKO PLC.
PHARMDEKO |
HEALTHCARE | ₦1.8300 | +0.0000% | 0 | — | — | -1.3700 |
|
MULTI-TREX INTEGRATED FOODS PLC
MULTITREX |
CONSUMER GOODS | ₦0.3600 | +0.0000% | 0 | — | — | -0.0800 |
|
AFRICAN ALLIANCE INSURANCE PLC
AFRINSURE |
FINANCIAL SERVICES | ₦0.2000 | +0.0000% | 0 | — | — | -0.1400 |
|
AFROMEDIA PLC
AFROMEDIA |
SERVICES | ₦0.2400 | +0.0000% | 0 | — | — | — |
|
RONCHESS GLOBAL RESOURCES PLC
RONCHESS |
CONSTRUCTION/REAL ESTATE | ₦81.0000 | +0.0000% | 0 | — | — | — |
|
BRICLINKS AFRICA PLC
BAPLC |
ICT | ₦6.2500 | +0.0000% | 0 | — | — | — |
|
AVA INFRASTRUCTURE FUND
AVAIF |
CONSTRUCTION/REAL ESTATE | ₦1000000.0000 | +0.0000% | 0 | — | — | — |
|
STACO INSURANCE PLC
STACO |
FINANCIAL SERVICES | ₦0.4800 | +0.0000% | 0 | — | — | -0.0900 |
|
GOLDEN GUINEA BREW. PLC.
GOLDBREW |
CONSUMER GOODS | ₦7.1000 | +0.0000% | 0 | — | — | -0.1200 |
|
EKOCORP PLC.
EKOCORP |
HEALTHCARE | ₦5.8000 | +0.0000% | 0 | — | — | -0.9000 |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦3.1000 | +2.6500% | 333,994 | — | — | -0.3200 |
|
NIGERIA REAL ESTATE INV. TRUST FUND
NREIT |
CONSTRUCTION/REAL ESTATE | ₦113.0000 | +0.0000% | 124,219 | — | — | — |
|
ALUMINIUM EXTRUSION IND. PLC.
ALEX |
NATURAL RESOURCES | ₦9.9000 | +0.0000% | 32,749 | — | — | -1.2100 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.8900 | +0.0000% | 28,393 | — | 302.9000 | 0.0100 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦189.0000 | +0.0000% | 27,526 | — | 373.8100 | 0.5100 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 2,870 | — | 89.8600 | 1.7900 |
|
JULI PLC.
JULI |
SERVICES | ₦7.2500 | +0.0000% | 1,000 | — | 47.7300 | 0.1500 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦13.2000 | +0.0000% | 845 | — | 47.7900 | 0.2800 |
|
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% | 128 | — | — | -0.5800 |
|
CRITICAL MINERALS FINANCING CORP PLC
CMFC |
FINANCIAL SERVICES | ₦3.3000 | -2.0800% | 3,159,318 | — | — | -0.0800 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦8.4500 | +2.4200% | 2,241,718 | — | 27.4200 | 0.3000 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.4400 | -0.6900% | 1,086,284 | — | 33.7200 | 0.0400 |
|
OMATEK VENTURES PLC
OMATEK |
ICT | ₦1.7000 | -6.0800% | 854,004 | — | — | -0.0200 |
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.