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Top 10 Best-Performing Nigerian Stocks In May 2025

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Top 10 Best-Performing Nigerian Stocks In May 2025

The Nigerian equities market recorded robust gains in May as rising share prices and higher trading volumes across most listed companies pushed the market to new highs.

Tracked by the All-Share Index, the market broke through the 110,000-point threshold for the first time ever, closing the month at 111,742.01.

This closing figure marks a 5.62% increase from the opening level of 105,920.18, making May the strongest-performing month of the year so far.

Trading activity intensified as monthly volume surged 55.72%, rising to 12.6 billion shares from 8.2 billion in April.

The surge in both price and volume was largely fueled by sustained momentum in large- and mid-cap stocks, whose significant market weighting contributed to the index’s upward movement.

Within the broader market rally, some stocks posted particularly strong performances, likely driven by investor response to positive earnings results and other encouraging developments.

The following are the top 10 performers for the month of May.

10. ABC Transport (43.2%)
ABC Transport Plc secured the 10th spot with a month-to-date gain of 43.2% in May.

The stock opened the month at N2.06 and closed at N2.95, supported by a trading volume of 28.5 million shares.

Shares of the company broke past the N2.50 level, likely driven by positive market reaction to Q1 2025 results, where it posted a profit of N352 million, reversing a N20 million loss from Q1 2024.

9. Nestlé Nigeria Plc (44.6%)
Nestlé Nigeria Plc ranked 9th with a 44.6% gain in May.

The stock started the month at N1,100 and moved higher on a total volume of 2.4 million shares, closing May in positive territory.

Most of the price movement occurred during the week beginning 18th, when the stock surpassed the N1,500 level.

The rally was likely fueled by renewed investor confidence in the consumer goods sector and a strong Q1 result, which showed a pre-tax profit of N51.15 billion, a sharp turnaround from a N196.08 billion loss in the same period last year.

8. Champion Breweries Plc (44.7%)
Champion Breweries placed 8th with a 44.7% month-to-date return.

The stock rose from N4.70 to N6.80, trading 80.1 million shares during the month.

The strongest movements were recorded in the week beginning 11th May 2025, likely driven by sector momentum and a significant earnings rebound.

Champion reported a pre-tax profit of N1.7 billion for Q1 2025, compared to a loss of N798 million in Q1 2024, an increase of 317.93% YoY.

7. University Press Limited (57.8%)
University Press is the 7th best-performing stock in May with a return of 57.8%.

Shares of the company opened the month at N3.74 and powered to N5.90, with a trading volume of 25.4 million shares.

The rally likely reflected investor response to its Q4 results for the period ended March 2025, where it reported a pre-tax profit of N639.5 million, recovering from a loss of N222.1 million in the same quarter last year.

6. Honeywell Flour Mills Plc (61.5%)
Honeywell Flour Mills came in 6th with a 61.5% gain for the month.

The stock rose from an opening of N13.00 to N21.00, with a robust volume of 122.3 million shares traded.

Momentum picked up mostly in the second week of May and continued through the month, with the company’s shares closing all trading weeks in positive territory.

Honeywell Flour Mills reported a pre-tax profit of N21.39 billion, marking a 348.80% increase year-on-year.

5. Red Star Express Plc (64.8%)
Red Star Express Plc ranked 5th with a 64.8% monthly return.

The stock moved from N5.05 to N8.32, with 4.4 million shares traded.

Most of the gain occurred in the final week of May as the stock broke through the N7.00 resistance level and ended the month above N8.00.

Red Star also recorded five consecutive weeks of positive closes after bouncing back from a retracement below N6.00 earlier in the month.

4. Academy Press Plc (65.5%)
Academy Press ranked as the 4th best-performing stock in May, delivering a 65.5% return.

Its share price rose from N2.87 to N4.75, with 31 million shares traded during the month.

This rally followed the release of its Q3 financial results for the period ended 31st March, which showed a pre-tax profit of N1.2 billion, up 429.97% year-on-year.
Such a strong performance likely attracted heightened investor interest.

3. Caverton Offshore Support Group (73.6%)
Caverton secured the 3rd position with a 73.6% gain in May.

Starting the month at N2.66, it rode a trading volume of 129.46 million shares to reach N4.20.

The rally was likely driven by the release of its Q1 2025 results on 30th April, which showed a pre-tax profit of N1.6 billion, compared to a loss of N1.8 billion in Q1 2024.
The strong earnings rebound likely helped renew investor confidence.

2. Northern Nigeria Flour Mills Plc (85.2%)
Northern Nigeria Flour Mills was the second-best performer in May with a return of 85.2%, closing at N138.90.

The stock opened the month at N75.00 and surged above N130.00, trading 12.3 million shares in the process.

Most of the gains came during the week beginning 11th May, likely due to renewed investor interest in the consumer goods sector.

1. Beta Glass Plc (133.0%)
Beta Glass was the top-performing stock in May 2025, posting a remarkable return of 133.0%.

Shares of the company opened the month at N99.85 and closed at N232.65, remaining well in the green despite a mild 10% decline in the final week of the month.

The rally followed its Q1 2025 results, where the company reported a pre-tax profit of N15.2 billion, up 638.6%.
Revenue also soared to N41.1 billion, a 69.34% increase, driven by strong demand for glassware and bottle products.

Nairametrics.com

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After Petrol, Dangote Refinery Slashes Cooking Gas Price Lowest In Nigeria [Price Per State Emerges]

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Africa’s largest refinery, Dangote Refinery, has slashed the price of liquified natural gas (LPG), also known as cooking gas to the lowest in 2025, a few hours after cutting petrol rate, a move that has sent joy to Nigerian households.

This move came barely 24 hours after the refinery reduced its petrol prices to N820 per litre from N854.

Checks showed Dangote Refinery lowered the cooking gas price, easing hardship for Nigerians.

Checks by Legit on petroleumpriceng’s price data show that the refinery slashed the LPG price to N740 per kg, the lowest among depot operators and cheapest in Nigeria.

The latest price is also the cheapest the refinery has sold cooking gas in 2025 after rates jumped above N1,000 per kilogramme.

Experts have hailed the move as exemplary, urging other operators to follow suit. They also attributed the latest price cut to the declining crude oil prices in the international market.

Where it’s cheapest and costliest

Oyo, Plateau, and Yobe currently offer the lowest 5kg refill costs at ₦7,100, ₦7,200, and ₦7,600, respectively. For the 12.5kg size, Yobe leads with ₦19,000, followed by Niger (₦19,242.48) and Jigawa (₦20,025.94).

At the other extreme, the South-South zone records the highest average: ₦8,871.63 for a 5kg cylinder and ₦22,179.08 for a 12.5kg refill. In contrast, the South-West pays the least regionally—₦7,960.42 and ₦20,402.42, respectively.

A reversal of fortune for Nigerians
This development came after Legit.ng reported that cooking gas prices are on the rise again.

For the fifth straight month, cooking gas prices in Nigeria have risen, tightening the squeeze on household budgets.

According to fresh data from the National Bureau of Statistics (NBS), refilling a 5kg cylinder now costs ₦8,323.95—up 1.92% from May’s ₦8,167.43 and a hefty 19.49% more than in June 2024.

The pain is sharper for larger households. A 12.5kg cylinder refill now costs an average of ₦21,010.56, marking a 1.46% rise from May and a staggering 33.52% jump compared to last year’s ₦15,736.27.

Crude oil prices slump
“International crude oil price is a great factor in setting petroleum product prices globally,” energy analyst and Team Lead at Platforms Africa, Adeola Yusuf, said.

According to him, falling crude prices mean falling petroleum product prices, and vice versa. Findings show that Brent Crude slumped 0.66% on Wednesday, August 13, 2025, to sell at $65.46 per barrel.

WTI fell 0.75% to sell for $62.35 per barrel, while Murban Crude sold for $67.52 per barrel, recording a 0.89% decline.

Why the surge won’t stop
Despite being Africa’s largest oil producer, Nigeria imports much of its cooking gas.

This dependence makes local prices vulnerable to swings in the global market. Disruptions in supply chains, increased global demand, and geopolitical tensions have driven up costs worldwide.

The naira’s persistent weakness worsens the situation, as importers pay more to secure foreign exchange, passing the burden to consumers.

 

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Fuel Scarcity: Petrol Price Rises Above N1,500 As Marketers Shut Filling Stations To Support Strike

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A litre of petrol is selling for as high as N1,700 as fuel scarcity has hit residents of Benue state following the petrol tankers’ protest over unfulfilled compensation

Several filling stations are closed, and black market operators have taken advantage of the situation to hike prices

The sudden shutdown has sent petrol prices skyrocketing to hit new levels as black market operators have taken advantage of the situation.

The state governor has pleaded with the petrol tankers to suspend their strike and return to work.

Petrol Tanker Drivers (PTD) branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is currently on a 3-day warning strike in Benue state.

In solidarity, petrol station owners in the state shut their doors.

The sudden shutdown has sent petrol prices skyrocketing to hit new levels as black market operators have taken advantage of the situation.

Vanguard reports that desperate motorists and commercial motorcycle operators who have been left stranded are resorting to black market operators who are selling petrol for as high as N1,700 perlitre.

Prices vary depending on the location within the town, with some areas seeing prices at N1,600.

The price is a massive N775 difference when compared to N945 it was sold before the showdown.

According to a member of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Benue State, who was quoted in the report said the strike action was taken following unresolved grievances.

“A few years ago, youths attacked a etrol-laden truck on the Makurdi-Aliade road and siphoned its contents. Promises of ompensation by the former administration were never fulfilled.”

He added that efforts by NUPENG and IPMAN to engage the current administration for redress reportedly met with resistance, prompting the decision for a warning strike.

All fuel station managers were instructed to cease operations during this period. “Heavy penalties of up to N500,000 were threatened for non-compliance, leaving no stations perational.”

Meanwhile, the Benue State Government has urged NUPENG to call off the strike, noting that the strike was uncalled for.

Deborah Aber, the Secretary to the State Government (SSG), stated that the government received a letter from NUPENG requesting payment of over N40 million as compensation for the vandalised PMS tank in 2022.

“In the letter, they were asking for payment for their 45,000 litres of PMS they lost through the activities of vandals in 2022 at Aliade.

“We needed to sit down and look at the whole scenario and how it played out. To us, it seemed like a straightforward case of theft and vandalism, with no government involvement.

“We have held several meetings with them. Surprisingly, we woke up today to find that the stations were locked. The government too is surprised because we are still. t the discussion at table.

“When we received the letter, we wrote to the police and DSS to furnish us with what happened that time.

In the letter they were claiming payment of over N40m for the loss of their goods in 2022.”

NNPC increase petrol prices
The new price follows changes announced by petrol importers and the Dangote Refinery amid the global oil price increase

NNPC Limited retail outlets are now selling nigher rate than the rate offered by Dangote refinery partners.

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What God Showed Me About NNPC GMG Ojulari -Primate Ayodele Reveals

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Spiritual leader and founder of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has sounded an alarm over impending challenges for a top executive at the Nigerian National Petroleum Company (NNPC), warning that powerful cabals are working behind the scenes to frustrate and destabilize him.

In a recent video prophetic message from 00:02:07, Ayodele revealed that the General Managing Director (GMG) of NNPC is facing spiritual and political sabotage that could lead to serious complications in the months ahead.

Saboteurs Hinder Transformation, Says NNPCL Management

“NNPC GMG—the problem has just started,” the cleric declared. “They want to frustrate him. Frustrate him. Because there are cabals that have tied his life.”

Ayodele explained that these internal forces are not just opposing the GMG’s reforms or leadership style, but are spiritually plotting to discredit and dismantle his influence. According to the prophet, these groups are determined to undermine the GMG’s success and force him into conflict and confusion within the organization.

“If he’s not careful, they will create commotion for him,” Ayodele warned. “They are not just fighting his position; they are fighting his peace and his purpose.”

The renowned prophet called on the GMG to be prayerful and spiritually alert, urging him not to rely solely on political loyalty or official power to withstand the coming storm. He emphasized that the battle was more spiritual than administrative.

“This is a time to seek divine protection and guidance,” Ayodele advised. “Those around him are not all loyal. Some are pretending while planning his fall.”

Ayodele’s message adds to growing concerns about internal politics and power struggles within Nigeria’s oil and gas sector, especially as the government pushes for reforms, transparency, and accountability at the NNPC.

Though the cleric did not mention a specific name, his warning has sparked speculation about tensions within the corporation and what steps leadership must take to avoid disruption.

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