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
Business
Dangote Refinery Announces Fresh Job Vacancies for Nigerians
Dangote Group has announced fresh employment opportunities for qualified candidates across several departments at its refinery site.
The vacancies are listed under Dangote-Refinery as the business unit, with the location stated as Dangote Petrochemicals (DPRP) and the department identified as Refinery Site.
The available positions cover procurement, warehouse management, logistics, supply and material planning, compliance, information technology, sustainability and data analytics.
List of Dangote Refinery jobs The 24 positions advertised on the company’s careers platform are:
Industrial Hygienist
Sanitary Inspector
Employee Relations Specialist

Procurement Contract Specialist
Warehouse Team Lead – PPU
Warehouse Manager – PPU
Head, Supply and Material Planning
Head, Logistics & Road Safety Operations
Sales & Operations Planning Manager (S&OP)
Procurement Supplier Specialist
Compliance and Governance Lead
Contract Management Lead
Risk Management Lead (Supply Chain)
Governance and Compliance Specialist
Procurement Supplier Lead
Transport/Dispatch Manager – PPU
Transport/Dispatch Lead – PPU
System Administrative Officer
ESG & Sustainability Manager
ESG / Sustainability Analyst
Lead, System Administration
ISO Management System Coordinator
Data Analytics/System Analyst
Decarbonization Manager
Requirements for Dangote Refinery jobs
The requirements differ depending on the position, and applicants are expected to check the full job description for their preferred vacancy.
Several of the positions require relevant bachelor’s degrees, HNDs or specialised diplomas in fields such as engineering, supply chain management, logistics, business administration, environmental science, public health, information technology and related disciplines.
Some roles also require or favour professional certifications. Depending on the position, these may include certifications in supply chain management, logistics, quality management, information technology and other relevant professional fields.
Work experience is another major requirement, particularly for senior positions.
The experience requested varies from role to role, with some managerial and leadership positions requiring several years of relevant industry experience.
For example, the Warehouse Team Lead – PPU position requires relevant experience in warehouse, logistics or supply chain operations, while the Warehouse Manager – PPU role requires significantly more experience, including managerial exposure.
Applicants for technology-related positions may also need experience with SAP, ERP systems, databases, system administration, Microsoft Excel, Power BI, data analytics and system integration, depending on the vacancy.
For the ISO Management System Coordinator position, candidates are expected to have relevant academic qualifications and experience with international management standards.
The Sanitary Inspector role has more specialised requirements, including qualifications in sanitary inspection, environmental health or public health technology, with related experience preferred.
How to apply for Dangote Refinery jobs Interested candidates should visit the official Dangote careers platform and select the position that matches their qualifications and experience.
Applicants should carefully read the individual job description because the educational qualifications, professional certifications, technical skills and years of experience differ across the 24 positions.
Business
BREAKING: Again, NNPC Announces New Petrol Price Nationwide
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol by N5 per litre at its retail outlets in Lagos from N1,360 to N1,355.
Motorists in Lagos and Rivers now pay N1,355 per litre, making them the cheapest locations on NNPC’s updated price list. Abuja buyers are paying N1,370 per litre under the new arrangement.
NNPC petrol prices across Nigeria
Yobe has the highest petrol price at N1,435 per litre, followed by Niger State at N1,433.
Borno, Gombe, Nasarawa and Sokoto are all priced at N1,430 per litre, placing them among the states with the highest fuel prices.
Several south-western states fall within the lower price range. Ogun and Oyo both sit at N1,367, while Osun is priced at N1,358.
Akwa Ibom is at N1,360, just above the Lagos and Rivers rate.

In the south-east, Anambra, Enugu and Imo are each priced at N1,372, with Ebonyi slightly higher at N1,375. Abia is priced at N1,370, the same as Abuja.
Further north, Kaduna is at N1,400, Zamfara at N1,414, while Adamawa, Jigawa, Kebbi, Plateau and Taraba are all priced at N1,420. Bauchi and Kano share a rate of N1,385, while Benue is at N1,410.
In the South-South, Delta is priced at N1,379, Bayelsa and Edo at N1,380, and Cross River at N1,390. Kwara is at N1,375, while Kogi is priced at N1,390. The full breakdown of the new NNPC petrol prices per litre is as follows:
Lagos: N1,355 Rivers: N1,355 Akwa Ibom: N1,360 Osun: N1,358 Ogun: N1,367 Oyo: N1,367 Abia: N1,370 Abuja: N1,370 Anambra: N1,372 Enugu: N1,372 Imo: N1,372 Ebonyi: N1,375 Kwara: N1,375 Ekiti: N1,377 Ondo: N1,377 Delta: N1,379 Bayelsa: N1,380 Edo: N1,380 Bauchi: N1,385 Kano: N1,385 Cross River: N1,390; Kogi: N1,390 Kaduna: N1,400 Benue: N1,410 Zamfara: N1,414 Adamawa: N1,420 Jigawa: N1,420 Kebbi: N1,420 Plateau: N1,420 Taraba: N1,420 Borno: N1,430 Gombe: N1,430 Nasarawa: N1,430 Sokoto: N1,430 Niger: N1,433 Yobe: N1,435
Business
From Kabiru to Khalifa: How Abdul Samad Rabiu is Quietly Positioning his Son in the Corridors of Business and Power
Once, his younger brother Kabiru was one of the familiar family figures around the BUA empire. Now another generation is moving steadily into view as Abdul Samad Rabiu brings his son, Khalifa, closer to the business, relationships and rarefied circles surrounding one of Africa’s largest industrial fortunes.
On Friday, October 2, 2026, when Abdul Samad Rabiu went calling on President Bola Ahmed Tinubu at his Ikoyi residence in Lagos, he did not go alone. Beside the billionaire industrialist was his son, Isyaku Abdulsamad “Khalifa” Rabiu, the young BUA executive whose presence increasingly seems to accompany his father into rooms where business, government and influence converge. Rabiu said the visit afforded an opportunity to reflect on Nigeria’s journey and its future, while other reports confirmed that the BUA chairman was among several prominent business and political figures received by the President that day.
On the surface, there was nothing extraordinary about it. Wealthy fathers travel with their sons, introduce them to friends and take them to important engagements every day. Yet, when the father is Abdul Samad Rabiu, founder of an industrial empire painstakingly assembled over decades, and the son has recently moved into a strategic executive position within that empire, the optics acquire a different texture. A photograph becomes more than a photograph; a handshake begins to look like an introduction, and what appears to be a simple father-and-son outing starts to resemble that ancient ritual through which successful men gradually acquaint the next generation with the world they may one day have to navigate without them.
For those who have watched Abdul Samad through the years, the changing silhouette around him is difficult to miss. There was a time when his younger brother, Kabiru Rabiu, represented one of the most prominent family presences within the BUA establishment, rising through the group’s operations and eventually becoming Group Executive Director, while also serving as a non-executive director of BUA Foods and BUA Cement. He remains firmly embedded in the conglomerate, with more than two decades of experience across edible oils, cement and infrastructure.
Kabiru belongs to Abdul Samad’s generation, however, and that distinction matters because every family empire, no matter how vast or professionally managed, eventually encounters the question that money alone cannot answer: what happens when the generation that built it begins to make room for the generation that must preserve it?
It is within that quiet, complicated passage that Khalifa is increasingly becoming interesting.

His emergence has not arrived with trumpets, ceremonial titles or the public unveiling of a successor. Abdul Samad has not declared him heir to BUA, and nothing in the public record justifies such a conclusion. What has become visible instead is something subtler and perhaps more meaningful: a gradual accumulation of responsibility, exposure and proximity, the three ingredients through which the children of powerful business families are often introduced to the burden behind the privilege.
Khalifa is no longer merely the billionaire’s son appearing occasionally beside his father. On January 29, 2026, BUA Foods appointed him Chief Officer, Global Procurement and Strategic Operations, giving him responsibility for the company’s end-to-end global procurement function and strategic operational initiatives. Before that appointment, he served as Director for Special Operations at BUA Group, where his work included transformation projects, supplier relationships, wheat sourcing, animal-feed production, the commercial reintroduction of BUA rice and other operational initiatives.
There is something instructive about where he has been placed. For the son of one of Africa’s wealthiest industrialists, a grand office and ornamental designation would have been easy enough to manufacture, the sort of corporate embroidery with which family businesses sometimes decorate heirs who have yet to acquire the scars of enterprise. Khalifa, however, has been taken closer to procurement, supply chains and operations, into the less glamorous entrails of an industrial organisation where fortunes are not discussed in abstract terms but depend on the relentless movement of wheat, sugar, machinery, ships, suppliers, currencies, warehouses and markets.

Perhaps that is the more revealing education his father is giving him. Abdul Samad appears less interested in merely showing the young man the assets than in allowing him to understand how those assets breathe.
Factories photograph beautifully, particularly when they rise from acres of land in steel and concrete, but the real life of an industrial empire occurs away from the cameras, in the anxious arithmetic of raw-material costs, shipping schedules, exchange rates, energy, regulation, financing and distribution. The young man who may someday occupy a larger place within such a system must learn that wealth is not sustained by the serenity of the chairman’s office but by countless decisions made under pressure, many of them invisible to the public until one of them goes wrong.
Khalifa’s academic preparation seems almost tailored to the wider world awaiting him. He studied International Relations at Regent’s University London and later earned a Master’s in Management from Georgetown University’s McDonough School of Business, combining an education in states, diplomacy and institutions with the language of management and enterprise.
That marriage of disciplines becomes particularly interesting when considered against the circles into which he has been born and the ones into which he is now increasingly being introduced.
There is, of course, another dimension to his story. Khalifa is one of the children from Abdul Samad Rabiu’s former marriage to Hannatu Musawa, the lawyer, writer and public official who currently serves in President Tinubu’s cabinet as Minister of Art, Culture, Tourism and the Creative Economy. Musawa has herself spoken publicly about her former marriage to Rabiu and the enduring ties between their families.
There is nothing publicly established to suggest that he is preparing to contest an election or embark on a conventional political career. What he possesses instead is exposure: a father situated at the commanding heights of Nigerian private enterprise and a mother operating within the upper reaches of government, two worlds that remain distinct but inevitably encounter each other wherever industry, regulation, investment and public policy meet.
That is why Friday’s visit to President Tinubu is noteworthy without needing to be exaggerated. Its importance lies less in whatever may have been discussed behind closed doors than in the simple fact that Khalifa was there, standing beside his father and becoming familiar with another environment in which his surname, responsibilities and future may eventually carry their own weight.
Such encounters form a peculiar education unavailable in lecture halls. Universities can teach capital allocation and international relations, but they cannot completely teach the temperament of power: how an industrialist speaks to a president without becoming obsequious, how one carries disagreement without converting it into hostility, how old relationships are tended, how new ones are cultivated, or how to distinguish those who are merely attracted to wealth from those whose trust survives difficult seasons.
Those lessons are absorbed by watching.
They reside in airport lounges and factory inspections, private dinners and waiting rooms, board meetings and courtesy visits, in introductions that appear inconsequential until, perhaps ten years later, a name remembered from a handshake becomes the person sitting across a negotiating table.
This is how relationships are inherited, if relationships can ever truly be inherited at all. A father may leave his son factories, shares, houses and an enviable portfolio of assets, but he cannot simply insert forty years of trust into an estate document. The son must accumulate his own credit among bankers, investors, regulators, political leaders, employees and business partners, even when the father’s name opens the first door.
Abdul Samad should understand the intricacies of that inheritance better than most. He was himself born into the formidable commercial tradition of the late Khalifah Isyaku Rabiu, the Kano merchant, scholar and industrialist whose name carried considerable weight long before BUA became the corporate colossus it is today. Abdul Samad inherited a tradition of enterprise but did not merely preserve it; he recast it for another age, moving far beyond the familiar pathways of trading into manufacturing on a scale that turned cement, sugar, flour and other essential commodities into the pillars of a modern industrial fortune.
Now the wheel appears to be turning again.
There is an almost poetic symmetry in the fact that another Khalifa is moving towards the centre of the Rabiu story, although it would be simplistic to describe what is happening as a transfer of the crown. BUA is today too sprawling and professionally structured to be reduced to a princely succession tale, and Kabiru Rabiu remains an important figure in its leadership. The more compelling point is that Khalifa has moved beyond merely being part of the family photograph; he now occupies a position where he can be tested by responsibility, measured by results and introduced gradually to the ecosystem surrounding the family enterprise.
That is how serious succession often begins, not with coronation but with apprenticeship. A young man is first handed work that can expose his weaknesses, then brought into relationships that can test his temperament, before the people who have dealt with his father for decades begin, cautiously, to deal with him in his own right. The family name may secure the introduction, but eventually the young man must demonstrate whether there is substance behind it.
For Abdul Samad, therefore, legacy will one day amount to considerably more than deciding how factories, shares and investments are distributed among heirs. The harder inheritance will be culture, discipline, judgement and the instinct for survival that allowed a family trading heritage to become an industrial institution. Kabiru represents an important part of the generation that travelled that journey alongside him; Khalifa increasingly represents the question of what follows after it.
Seen from that perspective, the young man’s growing presence around his father acquires a meaning beyond privilege. He is watching a man who has spent decades learning the peculiar choreography of Nigerian capitalism, where enterprise lives constantly in conversation with government, regulation, foreign capital, infrastructure and politics without necessarily becoming politics itself. He is being allowed to observe not simply how a fortune is enjoyed but how influence is managed, relationships are preserved and institutions are kept alive through changing governments and economic seasons.
That may ultimately be the most valuable thing Abdul Samad can give him.
Factories can be inherited. Shares can change names on a register. Houses and aircraft can pass from father to son with the neat efficiency of lawyers and trustees. What cannot be transferred so easily is the confidence of people who matter, the discipline to remain composed when markets rebel, the instinct to recognise danger before it announces itself and the ability to enter a room full of powerful men without being diminished by them or intoxicated by their attention. Those things take time.
And perhaps that is the deeper meaning of Khalifa walking beside his father into President Tinubu’s Lagos residence on Friday: the young man is no longer being shown only the empire.
He is being introduced, carefully and gradually, to the world around it.
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