Business
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
The Nigeria Labour Congress (NLC) has signalled it is gearing up for a major nationwide campaign to secure a comprehensive review of the national minimum wage, with the union also committing to fight for the creation of a national minimum pension.
As reported by Vanguard on Sunday, July 19, NLC president, Joe Ajaero, made the announcement recently during the commissioning of the Comrade Godwin Abumisi Pensioners Legacy House and Multipurpose Hall in Abuja.
The event brought together workers and pensioners under the organised labour movement, according to The Punch.
Ajaero noted that discussions about worker welfare can no longer be separated from the welfare of retirees, describing it as a historical injustice that those who gave decades of service to the nation are often left to live below the poverty line.
He said: “The Nigeria Labour Congress will not only push for a new national minimum wage but will also demand the establishment of a national minimum pension. “It is a historical injustice that men and women who devoted their youth, strength and productive years to the service of this nation should be condemned to live below the poverty line after retirement.”
He pointed to the soaring cost of food, healthcare and transportation as evidence that existing pension arrangements have become inadequate, calling them “poverty wages” that strip retirees of their dignity.
Ajaero added: “We cannot continue to allow our senior citizens to survive on pensions that have become poverty wages. Every retiree deserves to live with dignity after decades of faithful service to the nation.”
Furthermore, the NLC helsman told pensioners that their union, the Nigeria Union of Pensioners (NUP), remains one of the congress’s proud affiliates and that its battles are fully shared by organised labour.
“Your struggle is our struggle, and your welfare remains a priority for the organised labour movement,” he said, calling on both workers and pensioners to prepare for the ideological and economic fights ahead.
Ajaero urged pensioners to treat the newly commissioned Legacy House as more than a building, describing it as a potential hub for mobilisation and strategic action as the broader struggle takes shape.
He also demanded the immediate settlement of all outstanding pension arrears, warning that the working class must remain as united as those who profit from its labour.
Ajaero concluded: “Those who exploit workers are united in advancing their interests. We too must remain united in defending our collective interests and ensuring that government fulfils its obligations to both serving workers and retirees.”
In July 2024, the minimum wage rose from N30,000 to N70,000 a month after Nigeria’s two biggest union federations, the NLC and the Trade Union Congress (TUC), argued that soaring prices and a weakening currency caused by reforms instituted by President Bola Tinubu were hitting workers hard.
Africa’s most populous nation is grappling with the worst cost-of-living crisis in a generation, igniting constant complaints from government critics.
Liquefied Petroleum Gas (LPG) marketers have slashed depot prices, offering distributors lower wholesale rates and raising expectations that cooking gas refill costs could ease for Nigerian consumers in the weeks ahead.
Fresh market data showed that PPMC recorded the sharpest reduction, cutting its depot price to N1,010/kg, a 0.69%.
Rainoil Lagos followed with reduction, bringing its depot price down to N1,030/kg. NIPCO Lagos held its rate steady at N1,025/kg, data from petroluemprice.ng show.
The only marketer to move in the opposite direction was Matrix Warri, which is N1,100/kg.
The new cooking gas depot prices are:
PPMC: N1,010/kg
NIPCO Lagos: N1,025/kg
Rainoil Lagos: N1,030/kg
Matrix Warri: N1,100/k
Industry sources attributed the downward movement to greater competition among suppliers and improved product availability at the wholesale level.
Presidential candidate of the African Democratic Congress ADC, Atiku Abubakar, has demanded that the National Assembly (NASS) immediately conduct a comprehensive forensic review of the 2026 Appropriation Act, following revelations of over ₦210 billion in overlapping and duplicated allocations in the budget.
In a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said the revelation, coming alongside Nigeria’s poor showing on nearly 90 percent of globally recognised prosperity indicators, exposes the Tinubu administration as one of the most fiscally reckless governments in Nigeria’s democratic history.
“For more than three years, Nigerians have been subjected to relentless hardship. They were told that fuel subsidy removal, exchange rate unification, higher taxes and rising tariffs were bitter pills that would eventually restore economic stability. Yet today, the same government cannot explain how more than ₦210 billion found its way into duplicated and overlapping budget provisions,” he said.
He linked the finding to what he called a growing pattern of questionable budget practices, citing allocations for projects outside agencies’ statutory mandates and insertions running into billions of naira.
The former vice president also cited the Nigerian National Petroleum Corporation NNPC Limited’s audited 2024 financial statements, which he said showed ₦7.13 trillion spent on “Energy Security Expenses” — what NNPC itself identifies as petrol subsidy — despite claims that subsidy had been removed in 2023.
Atiku argued that this fiscal indiscipline is reflected in declining living standards, noting that families are skipping meals, small businesses are shutting down, and graduates cannot find jobs, even as government celebrates selective economic indicators.
He also urged the Auditor-General of the Federation, anti-corruption agencies and civil society organisations to independently scrutinise the budget, identify officials responsible for the duplicated allocations, and ensure all improperly appropriated funds are recovered.
Atiku pledged that an ADC administration would restore credibility to public finance through transparent budgeting, zero-based expenditure planning, digital public expenditure tracking and strict personal accountability for public officers.
“When the owner of the barn invites goats to keep watch over his harvest, he should not be surprised when hunger follows abundance. Nigeria deserves custodians of her commonwealth, not Bourdillon caretakers of waste,” he added.
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