August 18, 2025 — Nigeria’s stock market has recorded impressive shareholder returns in the first half of 2025, with numerous listed firms disbursing substantial cash dividends. The trend underscores the resilience of large-cap companies and their commitment to rewarding investors despite broader economic challenges.
Dangote Cement Plc led the dividend payouts, leveraging its dominant market position and robust earnings to provide significant cash returns. Nestle Nigeria Plc followed closely, maintaining consistent distributions supported by steady consumer demand. The banking sector also featured prominently, with Guaranty Trust Holding Company (GTCO), Zenith Bank Plc, and United Bank for Africa (UBA) rewarding shareholders from strong profitability, reflecting stability in Nigeria’s financial services industry.
Other sectors also contributed to shareholder returns. MTN Nigeria Communications Plc shared profits derived from its expanding subscriber base, while Seplat Energy Plc distributed dividends from oil and gas operations. Additionally, FBN Holdings Plc, BUA Cement Plc, and Lafarge Africa Plc delivered notable payouts, driven by efficient operations and sustained market demand.
Market analysts note that high dividend-paying stocks remain a key option for investors seeking reliable income, particularly amid market volatility. The performance of Nigeria’s top firms in H1 2025 highlights their financial strength and continued role in bolstering investor confidence.