No Dividend Stocks
46 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 — 46 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) |
|---|---|---|---|---|---|---|---|
|
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 |
|
OMATEK VENTURES PLC
OMATEK |
ICT | ₦1.3400 | -6.9400% | 1,333,645 | — | — | -0.0300 |
|
PRESTIGE ASSURANCE PLC
PRESTIGE |
FINANCIAL SERVICES | ₦1.3800 | +0.0000% | 188,849 | — | 16.0300 | 0.0900 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦8.7500 | +0.0000% | 48,667 | — | 3.9900 | 2.1900 |
|
GUINEA INSURANCE PLC.
GUINEAINS |
FINANCIAL SERVICES | ₦0.9300 | +9.4100% | 13,599,758 | — | 85.5700 | 0.0100 |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦13.1500 | +9.5800% | 9,425,162 | — | — | -0.6500 |
|
LASACO ASSURANCE PLC.
LASACO |
FINANCIAL SERVICES | ₦1.7700 | -1.6700% | 1,284,179 | — | — | -0.1500 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.3800 | -8.0000% | 1,026,866 | — | 63.9700 | 0.0200 |
|
R. T. BRISCOE (NIGERIA) PLC
RTBRISCOE |
SERVICES | ₦9.5500 | -4.5000% | 887,879 | — | 3.5800 | 2.7900 |
|
AUSTIN LAZ & COMPANY PLC
AUSTINLAZ |
INDUSTRIAL GOODS | ₦2.2000 | -0.9000% | 281,156 | — | — | -0.0100 |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.3000 | -7.2600% | 7,415,753 | — | 6.6100 | 0.3800 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.6500 | -2.4200% | 2,381,021 | — | 6.8200 | 0.2400 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.7700 | +0.0000% | 0 | — | 2.2300 | 0.3400 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦3.7500 | -0.5300% | 4,774,058 | — | 185.7100 | 0.0200 |
|
REGENCY ALLIANCE INSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.7700 | +10.0000% | 12,839,408 | — | 17.6200 | 0.0400 |
|
OANDO PLC
OANDO |
OIL AND GAS | ₦36.4000 | +6.9000% | 6,664,487 | — | 1.2900 | 26.3300 |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦7.6000 | +5.2600% | 6,324,048 | — | — | -0.8300 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.0000 | -0.9900% | 2,210,412 | — | 33.2000 | -0.0700 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.1200 | -3.5700% | 1,336,989 | — | 6.0400 | -0.1300 |
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦2750.0000 | +0.0000% | 61,854 | — | 18.2900 | 150.3400 |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 30,510 | — | 118.7000 | 0.2000 |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.4000 | +0.0000% | 23,191 | — | 2489.9200 | 0.0000 |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦30.4000 | +0.0000% | 12,690 | — | 2314.3500 | -0.0400 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦7.0000 | +0.7200% | 2,404,260 | — | 30.3000 | 0.2300 |
|
NIGERIAN BREWERIES PLC
NB |
CONSUMER GOODS | ₦74.6000 | +0.8100% | 1,560,169 | — | 22.1600 | 3.3400 |
|
CAVERTON OFFSHORE SUPPORT GROUP PLC
CAVERTON |
SERVICES | ₦4.1000 | +1.2300% | 1,275,174 | — | — | -7.2400 |
|
THOMAS WYATT NIGERIA PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.4100 | +0.0000% | 13,880 | — | 16.8300 | 0.1400 |
|
AVA INFRASTRUCTURE FUND
AVAIF |
CONSTRUCTION/REAL ESTATE | ₦1000000.0000 | +0.0000% | 0 | — | — | — |
|
RONCHESS GLOBAL RESOURCES PLC
RONCHESS |
CONSTRUCTION/REAL ESTATE | ₦81.0000 | +0.0000% | 0 | — | — | — |
|
MULTI-TREX INTEGRATED FOODS PLC
MULTITREX |
CONSUMER GOODS | ₦0.4200 | +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 |
|
AFRICAN ALLIANCE INSURANCE PLC
AFRINSURE |
FINANCIAL SERVICES | ₦0.2000 | +0.0000% | 0 | — | 1.0600 | 0.0100 |
|
AFROMEDIA PLC
AFROMEDIA |
SERVICES | ₦0.2400 | +0.0000% | 0 | — | — | — |
|
UNITY BANK PLC
UNITYBNK |
FINANCIAL SERVICES | ₦1.5100 | +0.0000% | 0 | — | — | -9.8300 |
|
GOLDEN GUINEA BREWERIES PLC
GOLDBREW |
CONSUMER GOODS | ₦7.1000 | +0.0000% | 0 | — | — | -0.1200 |
|
STACO INSURANCE PLC
STACO |
FINANCIAL SERVICES | ₦0.4800 | +0.0000% | 0 | — | — | -0.1500 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.0900 | +0.0000% | 201,230 | — | 265.5300 | -0.1000 |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦2.9700 | +0.0000% | 44,810 | — | — | -0.2300 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦9.7000 | +0.0000% | 25,560 | — | 5.2600 | 1.8500 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦189.0000 | +0.0000% | 9,012 | — | 179.3400 | 1.0500 |
|
JULI PLC.
JULI |
SERVICES | ₦6.5500 | +0.0000% | 2,000 | — | 45.6500 | 0.1400 |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦70.0000 | +0.0000% | 2,809,840 | — | 495.6700 | 0.1400 |
|
NIGERIAN ENAMELWARE PLC.
ENAMELWA |
CONSUMER GOODS | ₦40.7000 | +0.0000% | 0 | — | — | -0.4900 |
|
AVA CAPITAL PLC
AVACAP |
FINANCIAL SERVICES | ₦5.7500 | -0.8600% | 2,220,801 | — | — | — |
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.