10 Most Expensive Listed Companies Stocks in Nigeria
The Nigerian Exchange has size-by-size stocks for investors. It is easy to find where ones belong. There are stocks that are priced to take out low-profile investors from potential intrusion—influential shareholders and perhaps some others with significant influence hate it when a moneybag tries to intrude. Did you see how Tony Elumelu doubled down bets on Transcorp Plc when Femi Otedola made a move?
These stocks are probably not for those that are willing to build a portfolio with a small investable amount. Due to rapid price appreciation, some stocks prices have climbed to reach a level that classifies them as expensive. Some came to market with a pricey rate that kept wannabe investors out of the space for the deep pocket value hunters.
While the term investor has become generic, there are bellwether players that play big in expensive stocks in the market. And they are the ones that own the majority of these most expensive stocks in the equities market. These top stocks are currently expensive for newbies with low financial muscles.
Seplat Energy
The market priced Seplat Energy Plc N5,700 per share at the close of trading session on Tuesday, before Christmas. Data from the Nigerian Exchange showed that the oil and energy stock price had hit N5,738.2 as its 52-week high before it retreated.
The company has 588.444 million shares outstanding on the Nigerian Exchange valued at N3.354 trillion. A thousand shares will cost an investor N5.7 million.
Airtel Africa Plc
Airtel Africa Plc share price has been flat at N2156.90 in the equities market. The telecom company has been less volatile after the company returned money to majority shareholders in Nigeria.
Trading slightly below its 52-week high, the telecom company is currently valued at N8.105 trillion in the local bourse. Airtel Africa has 3.758 billion shares outstanding in the local bourse, and N1,887 was its lowest price in the last 12 months.
Geregu Power Plc
Geregu Power Plc came to market at N100 per share, while 2.5 billion shares were listed in October 2022. The power-generating stocks achieved a fast, furious yet steady price appreciation that lifted its market price to N1,150.
Data from the Nigerian Exchange showed that Geregu Power is actually trading at its all-time high. From N250 billion in Oct 2022, the company valuation has surged to N2.875 trillion. A thousand shares in Geregu Plc would cost N1.150 million. This is not stock for an investor who doesn’t want to be a minority—perpetuously, perhaps.
Nestle Nigeria Plc
Nestle Nigeria has actually lost its allure in the stock market. The consumer goods stock used to be investors toast, and at N875 per share, it is trading at a heavy discount to its all-time high on the Nigerian Exchange.
Still, Nestle Nigeria stocks is one of the most expensive at this time in the equities market. The consumer goods stock settled at N875, and the local bourse puts N694 billion as market value of its 792.656 million shares outstanding.
TotalEnergies Marketing Nigeria Plc
TotalEnergies market price was N693.90 at the last trading session before Christmas. According to data from the Nigerian Exchange, the oil and gas stock is actually at its 52-week high following its last lap of rally in the local bourse.
Total has 339.521 million shares outstanding valued at N228.803 billion in the stock market. This company can be bought easily because of its low share outstanding volume. Partially, this explains why its share valuation has doubled from its 52-week low of N346.5 in the equities market.
ARADEL Holdings Plc
Aradel is new in the game, and the oil and gas company has seen highs and the lows in the equities market within a short term. In the local bourse, Aradel Holdings was priced at N600 per share before Christmas holiday.
In the last seven trading sessions, the oil stock peaked at N730.4 per share. Aradel Holding came to the stock market at N702.69, and it bloated before it busted. It has traded at N850.1 since it was listed in October 2024.
Dangote Cement Plc
Dangote Cement Plc is one of the stocks for the ‘big boys’ in the equities market. The share price of Dangote Cement settled at N478.8 in the stock market. The cement stock is actually trading at a significant discount to its 52-week high because of a round of selloff in the second half of the year.
Dangote Cement share price had peaked at N763, its 52-week high. The stock has doubled down on its 52-week low of N313. The cement company’s 17.040 billion shares outstanding were priced at N8.158 trillion on the Nigerian Exchange. Here is the thing: no matter how much money you have, you cannot replace Dangote Industries Limited as the largest shareholder.
Presco Plc
Presco Plc, a major player in the agriculture sector, is another listed company whose share price appears expensive. According to its trading data on the Nigerian Exchange, Presco’s 1 billion shares outstanding were valued at N475 billion in the equities market before the holiday.
The stock, which settled at N475 per share, is trading slightly below its 52-week high on the Nigerian Exchange. The agricultural company’s pricey stock has also doubled down on its 52-week low of N204. A new investor seeking influence would need a deep pocket to buy 5% of Presco shares outstanding.
OKOMU Oil
Okomu Oil is also a major player in the agricultural sector and perhaps a direct competitor with Presco in the palm oil market. Okomu share price settled at N403.7, slightly below its 52-week high of N417.70 in the equities market.
The agric company’s has 953.91 million shares outstanding valued at N385.093 billion in the equities market of the Nigerian Exchange. In 52 weeks, the lowest price Okomu Oil had reached was N243. Investors that show interest in the palm oil-backed stock would require about N404,000 to acquire one thousand shares.
BUA Foods
BUA Foods Plc market price printed at N394.90 in the equities market ahead of the Christmas holiday, having traded flattish over the last seven trading sessions in the market.
Trading data from the Nigerian Exchange showed that BUA Foods has 18 billion shares outstanding valued at N7.108 trillion. The size of the company’s shares outstanding is actually for a good reason.
What it means is that you may never become a majority shareholder here except Abdul Samad Rabiu family (with huge shareholdings) is offering to sell the company to you.
CONOIL Plc
Conoil share price settled at N387.2, its latest 52-week high in the stock market. The oil company, with the touch of Mike Adenuga, has breached many resistance levels due to its solid positive price appreciation. This is a stock that was priced at N81.82 per share, its 52-week low.
According to trading data from the Nigerian Exchange, Conoil has 693.952 million shares outstanding valued at N268.698 billion. To have a significant shareholding in Conoil, an investor must be as rich as Mike Adenuga himself. #10 Most Expensive Listed Companies Stocks in Nigeria: NEM Insurance Targets N7.1bn Profit in Q1-2025
