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10 Best Growth Stocks to Buy Now in Nigeria

The 10 Best Growth Stocks to Buy in Nigeria revealed. We tested and verified the best growth stocks to buy now in Nigeria.

This is a complete guide on the best growth stocks to buy in Nigeria. 

In this in-depth guide you’ll learn:

  • What are growth stocks?
  • How to buy stocks in Nigeria?
  • How to buy shares for beginner traders?
  • Which broker can you use to buy shares?
  • Which broker offers a signup bonus? 
  • Which brokers offer a $5 (2 096 NGN) minimum deposit for investing in shares?
  • How many shares should you buy?


And lots more…

So if you’re ready to go “all in” with the best growth shares for Nigerians…

Let’s dive right in…

Updated : September 1, 2022

What are Growth Stocks?

👉 A growth stock is a share in a firm that is expected to expand at a pace above the market average. Dividends are not paid on most of these stocks, although some do.

 

👉 Typically, growth stock issuers are businesses that plan to reinvest whatever profits they make to spur immediate revenue development.

 

👉 When buying growth stocks, investors hope to profit from an increase in the value of their investment when they sell their shares eventually.

1. International Breweries (NGX: INTBREW)

International Breweries

Overview

👉 International Breweries plc is a Nigerian brewery that produces, packages, and sells beer, alcoholic flavoured/non-alcoholic beverages, and soft drinks.

 

👉 The business works via its Nigeria sector. It commenced production in December 1978 with an installed capacity of 200,000 hectolitres per year; in December 1982, this capacity grew to 500,000 hl/a.

 

👉 The Nigerian Stock Exchange listed International Breweries plc as a public limited liability company on April 26, 1994.

 

👉 International Breweries is now the twenty-third most valuable company on the NGX with a market valuation of NGN 134 billion, which represents around 0.505% of the Nigerian Stock Exchange equity market.

 

👉 International Breweries started the year with a share price of 4.95 NGN, which has since increased by 1.01%, placing it 52nd on the NGX in terms of performance year-to-date.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price5.00 Naira
⏰ Return in the last 7 Days-2%
🗓 Return in the last year
📈 Market Capitalization134.3 billion NGN
📊 Dividend Yield (%)0%
💵 Forecasted Growth 113.1%
💰 Valuation (P/E)1.59
💵 Target Share Price6.18 NGN

2. UAC of Nigeria Plc (NGX: UACN)

UAC of Nigeria Plc

Overview

👉 UAC of Nigeria Plc is an industry leader in the food and beverage, real estate, paints, and logistics industries. UAC of Nigeria operates through Food and Beverages, Paints, Logistics, Real Estate, and “Others.”

 

👉 Food and Beverage, Paints (which is involved in the production and sales of paints products and other decoratives), Logistics (which is involved in providing logistics and supply chain services).

 

👉 Real Estate is involved in real estate development and management, and the “Others” segment is involved in pension fund administration services and the corporate head office.

 

👉 UAC of Nigeria is now the 39th most valuable stock on the NGX, with a market valuation of NGN 32,3 billion, accounting for about 0.121% of the Nigerian Stock Exchange equity market.

 

👉 UAC’s share price started the year at 9.50 NGN and has since increased by 17.9%, putting it 33rd on the NGX in terms of year-to-date performance.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price11.20 NGN
⏰ Return in the last 7 Days1.8%
🗓 Return in the last year12%
📈 Market Capitalization32.3 billion NGN
📊 Dividend Yield (%)5.8%
💵 Forecasted Growth 41.9%
💰 Valuation (P/E)16.28
💵 Target Share Price12.44 NGN

3. Transnational Corporation of Nigeria Plc (NGX: TRANSCORP)

Transnational Corporation of Nigeria Plc

Overview

👉 Transnational Corp. of Nigeria Plc is an investment firm that focuses on the acquisition and management of key companies that provide long-term shareholder profits and socio-economic impact.

 

👉 It consists of the following operational segments: Corporate Centre, Oil & Gas, Agro-Allied, Power, and Oil & Gas.

 

👉 Transcorp Nigeria has an extensive portfolio of investments, the most noteworthy of which are the award-winning Transcorp Hilton Hotel in Abuja and Transcorp Hotels in Calabar.

 

👉 Transcorp Nigeria is the 32nd most valuable stock on the NGX with a market value of NGN 45.5 billion, which represents about 0.171% of the Nigerian Stock Exchange equity market.

 

👉 Transcorp’s share price started the year at 0.96 NGN and has since increased by 16.7%, putting it 36th on the NGX in terms of year-to-date performance.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price1.12 NGN
⏰ Return in the last 7 Days-4.3%
🗓 Return in the last year17.9%
📈 Market Capitalization45.5 billion NGN
📊 Dividend Yield (%)0.9%
💵 Forecasted Growth 34.2%
💰 Valuation (P/E)2.64
💵 Target Share Price1.36 NGN

4. Unilever Nigeria (NGX: UNILEVER)

Overview

👉 Unilever Nigeria Plc manufactures and distributes food ingredients and household and personal care products. It works in two segments namely Food Products and Home and Personal Care. The Food Products section includes tea and savoury food sales.

 

👉 The Home and Personal Care section covers fabric care, home cleaning, skincare, and oral care product sales. William Hesketh Lever created the firm on April 11, 1923, and it is based in Ikeja, Nigeria.

 

👉 Unilever Nigeria is the twenty-seventh most valuable stock on the NGX, with a market value of NGN 77.6 billion, representing about 0.291% of the Nigerian Stock Exchange equity market.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price13.50 NGN
⏰ Return in the last 7 Days-10%
🗓 Return in the last year-5.6%
📈 Market Capitalization77.6 billion NGN
📊 Dividend Yield (%)3.7%
💵 Forecasted Growth 28.6%
💰 Valuation (P/E)16.86
💵 Target Share Price19.56 NGN

5. Guaranty Trust Holding (NGX: GTCO)

Guaranty Trust Holding

Overview

👉 The Guaranty Trust Bank Plc provides commercial banking services. Current accounts, deposits, overdrafts, loans, other credit facilities, foreign currency, and derivative products are all part of its offering.

 

👉 Incorporated banks, retail banks, commercial banks, small and medium-sized businesses (SME) banks, and public sector banks all fall under this umbrella of corporate and retail banking.

 

👉 Guaranty Trust Holding is the tenth most valuable stock on the NGX with a market value of NGN 605 billion, which represents about 2.27% of the Nigerian Stock Exchange equity market.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price20.55 NGN
⏰ Return in the last 7 Days1%
🗓 Return in the last year-26.6%
📈 Market Capitalization604.6 billion NGN
📊 Dividend Yield (%)14.6%
💵 Forecasted Growth 22.7%
💰 Valuation (P/E)3.52
💵 Target Share Price19.56 NGN

6. MTN Nigeria Communications Plc (NGX: MTNN)

MTN Nigeria Communications Plc

Overview

👉 Formerly known as MTN Nigeria Communications Ltd., the current company known as MTN Nigeria Communications PLC is in the business of constructing and running Global System for Mobiles (GSM) cellular network systems in Nigeria, in addition to providing other services connected to this industry.

 

👉 Broadband fixed wireless access services, telecommunication services, and mobile financial services (fintech) are some of the products and services that the company provides.

 

👉 The Consumer Business Unit (CBU), the Enterprise Business Unit (EBU), and the Wholesale Business Unit make up the segments that the company operates in (WBU).

 

👉 The Consumer Business Unit, also known as CBU, is made up of subscribers that are currently enrolled in value propositions and tariff plans that are specific to one of three subsegments namely youth, high value, or mass segments.

 

👉 The Enterprise Business Unit, often known as EBU, caters to the requirements of large corporations as well as those of small and medium-sized businesses via the goods and services it provides.

 

👉 Its Wholesale Business Unit (WBU) provides services to customers that acquire MTN telecom goods in bulk with the goal of re-selling these products (mobile or fixed) to their other customers, and these customers could be either external or internal.

 

👉 Mobile network and technology solutions are available to millions of MTN Nigeria customers via the company’s 15 service centres, 144 Connect Stores, and 247 Connect Points, which can be found across Nigeria’s 36 states.

 

👉 Seventy-five percent of MTN Nigeria is held by MTN International (Mauritius) Limited, 18% by Nigerian shareholders via special purpose entities, 2.7% by Mobile Telephone Networks NIC B.V, and 1.7% by Public Investment Corporation SOC Limited, respectively.

 

👉 A market capitalization of NGN 4.09 trillion places MTN Nigeria in third place on the NGX, which accounts for about 15.4% of the Nigerian Stock Exchange equity market.

 

👉 MTN’s share price started the year at 197.00 NGN, and it has since increased by 2.03% on that price valuation, placing it in 50th place on the NGX in terms of year-to-date performance.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price201 NGN
⏰ Return in the last 7 Days-6.5%
🗓 Return in the last year16.8%
📈 Market Capitalization4.1 trillion NGN
📊 Dividend Yield (%)7%
💵 Forecasted Growth 22.3%
💰 Valuation (P/E)12.61
💵 Target Share Price250.11 NGN

7. Flour Mills of Nigeria (NGX: FLOURMILL)

Flour Mills of Nigeria

Overview

👉 In addition to farming and flour milling, Flour Mills Nigeria Plc also produces pasta, noodles, refined sugar, and animal feeds. The following are the components that make up this system: Food, Agro Allied Products, Sugar, and Other Support Services are included in this category.

 

👉 Producing and selling pasta, snacks, sugar, and noodles are all part of what the Food division does. The Agro Allied section includes the growing of maize, cassava, soya, sugar cane, and oil palm, as well as the manufacturing and sale of fertilizer, edible oils, and animal feed.

 

👉 Planting and processing sugarcane, refining, and selling sugar, and selling by-products of sugar refining are all included in the Sugar section. The Support Services division makes and sells flexible packaging and laminated woven polypropylene bags.

 

👉 George Stravos Coumantaros created the corporation in Lagos, Nigeria, on September 29, 1960. At NGN 135 billion in market value, Flour Mills Nigeria is Nigeria’s 22nd most valuable stock, accounting for 0.507% of the country’s equities market.

 

👉 Since its start at 28.35 NGN in January, Flour Mills’ share price has increased by 16.1%, placing it 38th on the NGX in terms of year-to-date performance.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price32.90 NGN
⏰ Return in the last 7 Days7.9%
🗓 Return in the last year12.7%
📈 Market Capitalization134.9 billion NGN
📊 Dividend Yield (%)6.5%
💵 Forecasted Growth 22%
💰 Valuation (P/E)12.61
💵 Target Share Price42.87 NGN

8. Stanbic IBTC Holdings (NGX: STANBIC)

Stanbic IBTC Holdings

Overview

👉 The business of Stanbic IBTC Holdings Plc is to provide banking and other financial services to individuals and businesses. It conducts its business through the following divisions: corporate and investment banking, personal and business banking, and wealth management.

 

👉 Among the services provided by the Personal and Business Banking division are loans for home purchases and refinancing, instalment sales and leases, and a variety of credit cards.

 

👉 Financial services for corporations and investors are included in the Corporate and Investment Banking sector. It is the responsibility of the Wealth sector to handle all aspects of financial planning and management for individuals and businesses alike.

 

👉 Lagos, Nigeria, is where the firm was started in 1989. It is estimated that Stanbic IBTC Holdings takes up 1.41% of the Nigerian Company Exchange’s equity market value, ranking as the NGX’s 13th most valuable stock.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price29 NGN
⏰ Return in the last 7 Days2.1%
🗓 Return in the last year-29.3%
📈 Market Capitalization375.8 billion NGN
📊 Dividend Yield (%)10.3%
💵 Forecasted Growth 20.5%
💰 Valuation (P/E)6.95
💵 Target Share Price41.93 NGN

9. Dangote Sugar Refinery (NGX: DANGSUGAR)

Dangote Sugar Refinery

Overview

👉 Dangote Sugar Refinery PLC is a company that processes raw sugar into sugar that is safe to eat and sells it. Sugar cane is also grown and milled by the corporation to produce finished sugar.

 

👉 Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos are some of its subregions, and the northern Nigerian area is the company’s biggest source of income.

 

👉 The firm was started in Lagos, Nigeria, in March 2000. The market value of Dangote Sugar Refinery is now NGN 201 billion, which accounts for 0.755% of the Nigerian Stock Exchange equity market.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price16.55 NGN
⏰ Return in the last 7 Days3.4%
🗓 Return in the last year-8.1%
📈 Market Capitalization201 billion NGN
📊 Dividend Yield (%)6%
💵 Forecasted Growth 20.4%
💰 Valuation (P/E)6.95
💵 Target Share Price19.82 NGN

10. FBN Holdings Plc (NGX: FBNH)

FBN Holdings Plc

Overview

👉 First Bank of Nigeria Limited, a commercial bank with operations in ten countries, is the non-operating holding company for FBN Holdings Plc. FBN Holdings Plc is a commercial banking and financial services company.

 

👉 The following are the components that make up this system: Companies involved in commercial banking; companies involved in merchant banking and asset management; companies involved in the insurance industry; and yet more.

 

👉 Financial intermediation services are provided to both individual and corporate clients and customers under the Commercial Banking Business Group division.

 

👉 Corporate and government customers may turn to the MBAM Group for advice, on asset management, markets, and private equity. The group’s core insurance brokerage business and the more recent full underwriting operation are both included in the Insurance Business Group section.

 

👉 The main firm, FBN Holdings Plc, and Rainbow Town Development Limited are included in the “Other” sector. Alfred Lewis Jones launched the corporation in Lagos, Nigeria, on March 31, 1894.

 

👉 At NGN 388 billion in market value, FBN Holdings Plc is now the 11th most valuable stock on the Nigerian Stock Exchange.

 

Growth, Valuation, Information

Growth, Valuation, Information MetricsDetails
💰 Last Price10.8 NGN
⏰ Return in the last 7 Days-1.4%
🗓 Return in the last year47.9%
📈 Market Capitalization387.7 billion NGN
📊 Dividend Yield (%)3.2%
💵 Forecasted Growth 19.3%
💰 Valuation (P/E)2.31
💵 Target Share Price11 NGN

The Best Share Trading Brokers in Nigeria

👉 This article includes a list of the top Forex brokers in Nigeria that can facilitate share trading for Nigerian traders.

 

👉 We have further determined which forex brokers provide additional services and solutions to traders, and we have listed them below.

 

Best MetaTrader4/MT4 Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 300 / 124 350 NGN

Regulators

FCA

Trading Desk

No Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FXCM is the best MT4 shares trading broker in Nigeria. An FXCM account includes an MT4 desktop, mobile, and web-based platform.

 

👉 FXCM’s website offers plugins and extensions for MetaTrader 4 traders that need quick functionality.

 

Best MetaTrader 5 / MT5 Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

FSC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Alpari is the best MetaTrader 5 / MT5 shares trading broker in Nigeria. Alpari International offers the famous MetaTrader 5 (MT5) trading platform.

 

👉 MetaTrader 5 supports Alpari CopyTrade, robots, and automated trading systems.

 

Best Shares Trading Broker for beginners in Nigeria

Overall Rating

Min Deposit

USD 0 / 0 NGN

Regulators

IGRs

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, IG is the best shares trading broker for beginners in Nigeria. IG gives access to a range of trading marketplaces, instructional materials, and unique trading tools.

 

👉 IG offers proprietary trading platforms along with the popular MetaTrader suite to beginner traders in Nigeria.

 

Best Low Minimum Deposit Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 0 / 0 NGN

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Desk

Metatrader 4 and Metatrader 5

Crypto

Yes

Total Pairs

45

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on Oanda’s website

👉 Overall, OANDA is the best Low Minimum Deposit shares trading broker in Nigeria. OANDA boasts a minimal entrance barrier and an award-winning trading platform.

 

👉 OANDA has no minimum deposit requirement for Nigerian traders.

 

Best ECN Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FP Markets is the best ECN shares trading broker in Nigeria. Within 40 milliseconds, FP Markets is one of the finest ECN brokers that handle orders.

 

👉 Traders with an FP Markets account to get access to a variety of share CFDs using MT4 and MT5.

 

Best Islamic / Swap-Free Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FXTM is the best Islamic shares, trading broker. Nigerians may convert their trading accounts to Islamic accounts if they utilize the MetaTrader 4 platform.

 

👉 FXTM does not raise its spreads but imposes an administration fee after 2 or 7 days of position holding for Muslim traders.

 

Best Shares Trading App in Nigeria

Overall Rating

Min Deposit

USD 50 / 20725 NGN

Regulators

CySEC, FCA

Trading Desk

Dealing Desk with DMA and STP

Crypto

Yes

Total Pairs

45+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, NAGA has the best shares trading app in Nigeria. Over one million investors use this trading platform.

 

👉 In Nigeria, the NAGA app allows networking, trade, and education. In addition, it affords Nigerians the opportunity to serve as examples for others.

 

Best Lowest Spread Shares Trading Broker in Nigeria

Xm.com Logo 1 1024x514 1

Overall Rating

Min Deposit

USD 5 / 2 075 NGN

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

👉 Overall, XM is the best lowest spread shares trading broker in Nigeria. On key financial products, XM spreads begin at 0 pips.

 

👉 There is a minimal minimum deposit requirement, allowing Nigerians to purchase stocks with modest investments.

 

Best Nigerian Naira Trading Account Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 5 / 2073 NGN

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, HF Markets is the best Nigerian Naira Account shares trading broker in Nigeria. HF Markets is one of the greatest NGN-denominated account options for Nigerians.

 

👉 Micro Account spreads are narrow, and leverage is 1:1000. HF Markets’ extensive market research helps novice and experienced traders make better-educated decisions.

 

Best Nasdaq 100 Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 50 / 20725 NGN

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, eToro is the best Nasdaq 100 shares trading broker in Nigeria. eToro is a well-regarded Nasdaq broker and social trading platform.

 

👉 eToro also gives Nigerians the ability to engage in copy-trading and social trading.

 

Best Volatility 75 / VIX 75 Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 shares trading broker in Nigeria. AvaTrade provides Nigerians with 1,260 financial products and the Volatility 75 index.

 

👉 AvaTrade gives Nigerians who trade VIX trading tools, research, and other components to assist them to safeguard their wealth.

Best NDD Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)

Crypto

Yes

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Exness is the best NDD shares trading broker in Nigeria. Exness is among the finest No-Dealing-Desk brokers that use ECN and STP executions.

 

👉 Exness’ trading accounts are suitable for a variety of traders, and Nigerians may trade 278 financial items, including stocks, on MT4 and MT5.

 

Best STP Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

10 USD / 4145 NGN

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader4, MetaTrader5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Axiory is the best STP shares trading broker for traders in Nigeria. Axiory is a registered STP broker that provides all sorts of traders with powerful and creative trading technologies.

 

👉 With the Alpha Account, Nigerians have simple MT5 access to hundreds of worldwide equities.

 

Best Sign-Up Bonus Shares Trading Broker in Nigeria

Overall Rating

Min Deposit

USD 1 / 415 NGN 

Regulators

IFSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

300

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on SuperForex’s website

👉 Overall, SuperForex is the best shares trading sign-up bonus broker in Nigeria.

 

👉 SuperForex gives Nigerians many sign-up incentives, including a $88 no-deposit bonus, a 50% welcome bonus, an easy deposit bonus of up to 3,000%, and a 300% hot bonus.

Conclusion

👉 The choice to invest in growth companies depends on the preferences, risk tolerance, investment objectives, and time horizon of the individual investor.

 

👉 It should be emphasized that the success of growth over shorter periods will be heavily influenced by the market’s position in its cycle. Therefore, Nigerian traders must do exhaustive research on the firms in which they want to invest.

FAQ

Which shares are expected to grow in 2022?

In Nigeria, analysts believe that the stocks that not only generate good returns but that are driven by macroeconomic factors and fundamentals are set to grow in 2022.

 

Which company in Nigeria currently pays the highest dividends to shareholders?

Zenith Bank is one of the companies in Nigeria currently paying the highest dividend of 39.8%.

 

Will MTN pay dividends in 2022?

According to the company, shareholders can expect a minimum ordinary final dividend of 0.33 NGN for 2022.

 

How does a dividend work?

If dividends are paid, a corporation will announce the dividend amount, and all stockholders (by the ex-date) will be paid correspondingly on the payment date that follows.

Investors who receive dividends have the option of retaining them as cash or reinvesting them to acquire new shares.

 

What is considered a growth stock in Nigeria?

A growth stock is a stake in a firm that has the potential to expand at a quicker rate than the overall economy as well as earnings that are above average.

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