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
Top 10 Richest Yoruba Billionaires: South West Wealthiest Entrepreneurs, Key Factors Behind Their Wealth
The Yoruba ethnic group, predominantly located in Nigeria’s southwestern region, has long been home to some of the wealthiest and most influential entrepreneurs in Africa.
Over the years, these Yoruba billionaires have made significant impacts across various sectors, including oil and gas, banking, telecommunications, real estate, and entertainment. Their business acumen and achievements have not only helped shape Nigeria’s economy but have also garnered international recognition.
Here’s a look at the top 10 richest Yoruba billionaires and the key factors behind their wealth:
10. Sulaiman Adebola Adegunwa
Sulaiman Adegunwa is a billionaire philanthropist and businessman from Ogun State. He is the founder of Rite Foods Limited, a company best known for producing popular food and beverage brands in Nigeria. His investments also extend to education, as he founded the Sulaimon College of Education in Ogun State.
9. Fola Adeola
Fola Adeola is best known as the founder of Guaranty Trust Bank (GTBank), one of Nigeria’s largest and most respected financial institutions. He is also involved in several other ventures, including heading MainOne, a telecom company, and running the FATE Foundation, which supports entrepreneurship in Nigeria. His net worth is around $550 million.
8. Dele Fajemirokun
Dele Fajemirokun is one of the most respected Yoruba business figures, with investments spanning insurance, oil, and telecommunications. He is the chairman of AIICO Insurance and a key investor in Food Concepts, the parent company of Chicken Republic. His business acumen has earned him a net worth of $500 million.
7. Samuel Adedoyin
Samuel Adedoyin is a self-made billionaire who overcame humble beginnings to become one of the wealthiest Yoruba men in Nigeria. He is the founder of the Doyin Group, a conglomerate involved in manufacturing, agriculture, and real estate. Adedoyin’s journey from small business ventures to becoming a billionaire is truly inspirational, and his net worth is estimated at $540 million.
6. Oba Otudeko
Oba Otudeko, a respected business magnate and philanthropist, is the founder of Honeywell Group, a diversified industrial conglomerate with interests in food processing, oil and gas, and real estate. He also played a pivotal role in the Nigerian banking industry, previously serving as the chairman of First Bank of Nigeria. Otudeko’s net worth is around $550 million.
5. Tunde Folawiyo
As the managing director of Yinka Folawiyo Group, a conglomerate with interests in energy, agriculture, and real estate, Tunde Folawiyo carries on the legacy of his family’s business empire. His ventures in shipping and energy are particularly notable, and he also serves on the board of MTN Nigeria. His estimated net worth is around $650 million.
4. Deji Adeleke
Dr. Deji Adeleke is a prominent businessman and philanthropist, best known as the father of the famous Nigerian musician Davido. He is the founder of Pacific Holdings Limited, a company with interests in oil and gas, real estate, and logistics. Adeleke is also an investor in education, having established Adeleke University in Osun State. His net worth is estimated at over $700 million.
3. Jimoh Ibrahim
Jimoh Ibrahim is another leading Yoruba entrepreneur who has built his fortune through diversified business ventures. He is the CEO of Global Fleet Group, a conglomerate with interests in oil and gas, insurance, real estate, aviation, and publishing. A lawyer by training, Jimoh Ibrahim’s net worth stands at around $1.1 billion, largely due to his ability to navigate various industries successfully.
2. Femi Otedola
Femi Otedola is one of Nigeria’s most recognized billionaires, primarily due to his involvement in the oil and gas industry. He is the former chairman of Forte Oil, a major petroleum marketing company in Nigeria, and his business ventures have expanded into power generation, finance, and real estate. Otedola’s investments in key sectors like shipping and energy make him a major player in Nigeria’s economy. As of 2024, his net worth is estimated at $1.8 billion.
1. Mike Adenuga
While Mike Adenuga is a Yoruba billionaire, his reach extends beyond Nigeria to the rest of Africa. He is the founder of Globacom, one of Nigeria’s largest telecommunications companies, and he also has interests in oil exploration through his company Conoil. Adenuga’s strategic positioning in telecoms and oil has made him the second-richest man in Nigeria, with a net worth of over $6 billion.
SEE THEIR NET WORTH

Business
FG Unveils Portal, Targets 26,961 Nigerians for New Positions
The Federal Government has launched the online registration portal for Phase III of the Renewed Hope Employment Initiative (RHEI), with plans to train 26,961 unemployed Nigerians in 70 high-demand skills as part of efforts to tackle unemployment and boost entrepreneurship nationwide.
The programme, which will run across the 36 states and the Federal Capital Territory (FCT), is expected to commence in August 2026 after the registration process is completed.
Speaking during the launch, the Minister of Labour and Employment, Dr Mohammed Dingyadi, said the initiative is designed to equip unemployed Nigerians with practical, market-driven skills that can lead to employment or self-reliance.
He explained that the government would adopt a ward-to-ward selection process to ensure that beneficiaries are drawn from communities across the country, promoting fairness and wider participation.
According to the minister, the programme aligns with the Federal Government’s broader agenda to reduce unemployment by expanding access to vocational training and enterprise development.
As part of the initiative, the government also announced plans to resettle 3,405 outstanding graduate trainees with starter packs and work tools after completing their training.
The support package is intended to help beneficiaries establish businesses or begin careers in their chosen trades, strengthening the government’s push for sustainable job creation.
Dingyadi acknowledged complaints from beneficiaries of the earlier phases regarding unpaid stipends and delayed resettlement support.
He attributed the setbacks to funding constraints and assured participants that the ministry was working with relevant authorities to secure the release of funds needed to settle all outstanding obligations.
“I wish to assure all affected beneficiaries that this Ministry is fully aware of the matter and is working with the relevant authorities to ensure the release of the necessary funds so that all outstanding obligations can be met without further delay,” he said.
Director-General of the National Directorate of Employment (NDE), Silas Agara, said the upgraded registration portal includes new security and verification features to improve transparency and efficiency.
Applicants will be required to verify their identities using their National Identification Number (NIN), while the system will automatically prevent multiple registrations and assign applicants to training centres closest to their locations.
Agara added that persons living with disabilities would be identified during registration and matched with skills programmes suited to their needs.
Business
UK Lists 10 Requirements Nigerians Need To Secure Work Visa
The UK Home Office has set out detailed requirements that foreign nationals, including Nigerians, must satisfy before they can qualify for a Skilled Worker visa.
The requirements, published on the UK government’s official website, apply to overseas professionals seeking to work in eligible jobs with approved employers across the United Kingdom.
According to the Home Office, applicants must meet employment, salary, language and documentation requirements before a visa can be granted. Additional evidence may also be requested depending on an applicant’s circumstances.
1. Have a job offer from an approved employer: Applicants must first secure a job offer from a UK employer licensed by the Home Office to sponsor foreign workers.
The employer must issue a Certificate of Sponsorship (CoS), which contains details of the job being offered.
2. Work in an eligible occupation: The job must appear on the UK’s list of eligible occupations for the Skilled Worker visa. Applicants must know the correct occupation code assigned to their role before applying.
3. Meet the minimum salary requirement: Most applicants must earn at least £41,700 per year or the “going rate” for their occupation, whichever is higher.
Most applicants must earn at least £41,700 per year or the “going rate” for their occupation, whichever is higher. Lower salary thresholds may apply for some healthcare workers, graduates, younger applicants and certain PhD holders.
4. Prove English language ability: Applicants must show they can speak, read, write and understand English. This can be done through approved English language tests or recognised educational qualifications taught in English.
5. Hold a valid passport: Applicants must provide a valid passport or another accepted document proving their identity and nationality as part of the visa application.
6. Show proof of financial support: Most applicants must demonstrate they have at least £1,270 available to support themselves after arriving in the UK unless their employer confirms it will cover those costs.
7. Pay visa fees and healthcare surcharge: Applicants must pay the visa application fee, the Immigration Health Surcharge for each year of their stay, and meet any other required charges before their application can be processed.
Partners and children of Skilled Worker visa holders may apply as dependants. Supporting a partner requires showing at least £285 in available funds, £315 for one child, and £200 for each additional child
8. Submit supporting documents: Applicants must provide supporting documents, including their Certificate of Sponsorship reference number, salary details, occupation code and employer information. Depending on individual circumstances, additional documents may also be required.
9. Provide extra certificates where required: Some applicants may need to submit additional documents such as tuberculosis (TB) test results, criminal record certificates, Academic Technology Approval Scheme (ATAS) certificates or proof of overseas qualifications.
10. Apply within the required timeframe: Applicants must submit their Skilled Worker visa application within three months of receiving their Certificate of Sponsorship from their employer.
The Home Office also advises applicants to complete identity verification and provide all required documents before a decision can be made.
Additional documents may be requested
The UK government stressed that meeting the eligibility requirements does not automatically guarantee visa approval. Immigration officials may request further documents or information to verify an applicant’s eligibility before making a final decision.
For Nigerians and other foreign professionals hoping to work in the UK, understanding these 10 requirements can help them prepare a stronger Skilled Worker visa application.
Full breakdown of the rules can be downloaded here.
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