Here I examine which share can i buy in Nigeria to give me 400 percent return
In the Nigerian stock market, a 400% return (a five-fold increase) is highly exceptional and usually occurs in speculative small-cap stocks or during historic bull runs. While the NGX All-Share Index rose significantly in 2025 (up over 50%), very few stocks achieved a 400% gain within a single year.
InvestNaija
Based on recent market performance (2024–2026), here are the types of shares that have reached or neared such returns, along with the current outlook for 2026:
Recent 400%+ Performers (Historical Reference)
These stocks achieved massive gains due to specific corporate actions, turnaround stories, or sector-wide rallies:
Beta Glass (BETAGLAS): Delivered a standout 414.6% gain in the first half of 2025, driven by massive profit growth and regional expansion.
Sunu Assurances: The top performer of 2024 with an 877% return, fueled by a surge in the insurance sector.
Oando Plc: Achieved a 528% return in 2024 following the landmark acquisition of Nigerian Agip Oil Company.
Eunisell Interlinked: Recorded a 502% gain in 2024 due to significant revenue breakthroughs in manufacturing.
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Sectors with "Multi-bagger" Potential in 2026
Analysts suggest that for 2026, the era of "indiscriminate rallies" may be over, and returns will be driven by specific catalysts:
Banking (Recapitalization Play): Banks are facing a March 31, 2026, deadline to meet new capital requirements. Investors are watching for mergers and acquisitions that could re-rate smaller "underdog" banks like Wema Bank.
Energy & Infrastructure: The anticipated listing of the Dangote Petroleum Refinery and NNPC Limited is expected to create massive liquidity and interest in the sector. Currently, Aradel Holdings and Seplat Energy are high-conviction plays with strong cash flows.
StocksWatch
Consumer Goods (Turnaround): Stocks like Honeywell Flour Mills (+241% in early 2025) and Vitafoam (+221% in early 2025) have shown they can deliver triple-digit returns when they move from loss to profitability.
Business News Nigeria
Business News Nigeria
High-Conviction Stocks to Watch
While a 400% return is not guaranteed, these are currently considered strong performers for 2026:
Aradel Plc: Leading the NGX-30 with early 2026 gains.
Lafarge Africa (WAPCO): Outperforming peers like Dangote Cement in early 2026 due to operational efficiency.
Zenith Bank & GTCO: Tier-1 banks often seen as "toll gates" for the economy, offering high dividend yields and steady growth.
Important Note: Investing for a 400% return involves extremely high risk. Many stocks that spike this much are "penny stocks" with low liquidity, meaning it may be difficult to sell your shares when you want to exit.
Here are top 10 best-performing stocks in the NGX for H1 2025
5 Jul 2025 — Here are the top 10 best-performing stocks in the NGX for H1 2025 * Beta Glass (BETAGLAS): +414.6% * Honeywell Flour Mills (HONYFL...
31 Dec 2025 — * 2025 Performance Snapshot. The Nigerian capital market delivered exceptional returns in 2025, with the NGX All-Share Index (ASI)
Top 10 best-performing stocks in the Nigerian market in 2024
2 Jan 2025 — Top 10 best-performing stocks in the Nigerian market in 2024 * 10. Coronation Insurance Plc (230.88%)
how much do they cost and how much will I get if I invest 100,000 naira in Nigeria?
Investing ₦100,000 in Nigerian shares can buy you a significant number of units in penny stocks or a handful of units in high-priced "blue-chip" stocks.
Below are the current prices (as of March 13–16, 2026) for the stocks previously mentioned and how many shares you could get for ₦100,000.
Current Share Prices & Units (for ₦100,000)
Sunu Assurances (SUNUASSUR):
afx.kwayisi.org
afx.kwayisi.org
Price: ₦4.40
Units: ~22,727 shares
Potential: A "penny stock" where small price moves result in large percentage gains.
Wema Bank (WEMABANK):
TradingView
TradingView
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Price: ₦26.00
Units: ~3,846 shares
Context: Up 134% over the last year.
Oando Plc (OANDO):
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Price: ₦48.85
Units: ~2,047 shares
Zenith Bank (ZENITHBANK):
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afx.kwayisi.org
Price: ₦95.95
Units: ~1,042 shares
Note: Up 55.3% since the start of 2026.
Guaranty Trust Holding (GTCO):
Price: ₦117.50
Units: ~851 shares
Eunisell Interlinked (EUNISELL):
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Price: ₦143.95
Units: ~694 shares
Recent Performance: Up 1,239% over the last 12 months.
Lafarge Africa (WAPCO):
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afx.kwayisi.org
Price: ₦213.90
Units: ~467 shares
Beta Glass (BETAGLAS):
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Price: ₦498.50
Units: ~200 shares
Aradel Holdings (ARADEL):
Price: ₦1,340.00
Units: ~74 shares
Growth: This stock has gained 100% since January 2026.
What will you get?
Dividends: Most of these companies (especially Zenith, GTCO, and WAPCO) pay cash dividends once or twice a year.
Capital Gains: If you buy Eunisell at ₦143.95 and it grows by another 400% (to ~₦720), your ₦100,000 would become ₦500,000.
Risk of Loss: In a "bear market," your ₦100,000 could also decrease. For instance, Sunu Assurances has lost 20% of its value so far in 2026.
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Investment Breakdown Table
Stock Price (₦) Units for ₦100k YTD Change (%)
Aradel 1,340.00 74 +100%
Zenith Bank 95.95 1,042 +55.3%
Wema Bank 26.00 3,846 +27.5%
Oando 48.85 2,047 +21.5%
Sunu 4.40 22,727 -20%
Would you like to know how to open a brokerage account in Nigeria to start buying these shares?
Aradel Holdings (NGX:ARADEL) Stock Quote
* ARADEL Stock Market Performance. 1WK. 4WK. 3MO. +3.05% +34.4% +97.1% 6MO. 1YR. YTD. +146% +150% +100% The current share price
Sunu Assurances Nigeria Plc (NGX:SUNUASSUR) Stock Quote
* SUNUASSUR Stock Market Performance. 1WK. 4WK. 3MO. -8.14% -0.23% +9.73% 6MO. 1YR. YTD. -25.4% -13.7% -20% The current share price
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Beta Glass Company (NGX:BETAGLAS) Stock Quote
13 Mar 2026 — * BETAGLAS Stock Market Performance. 1WK. 4WK. 3MO. +21% +34.7% 6MO. 1YR. YTD. +2.57% +399% +34.7% The current share price of Beta..
repeat the returns in real figure
Investing ₦100,000 into specific Nigerian shares can yield widely different results depending on the stock's performance. Below is a breakdown of what that investment would look like in "real figures" based on current prices (March 16, 2026) and hypothetical growth scenarios.
This table shows how many units you can buy today and the total value if that stock achieves a 400% return (becoming a ₦500,000 total value).
Stock Name Current Price (₦) Units Purchased Value if +400% Gain
Aradel Holdings 1,340.00 74 ₦500,000
Eunisell Interlinked 143.95 694 ₦500,000
Zenith Bank 95.95 1,042 ₦500,000
Oando Plc 48.85 2,047 ₦500,000
Wema Bank 26.00 3,846 ₦500,000
Sunu Assurances 4.40 22,727 ₦500,000
To understand how realistic these "real figures" are, consider these actual results from the 2024–2025 period:
Eunisell Interlinked: If you had invested ₦100,000 one year ago, your investment would be worth approximately ₦1,339,000 today (a 1,239% gain).
Aradel Holdings: A ₦100,000 investment at the start of 2026 (at ₦670 per share) would already be worth ₦200,000 today (a 100% gain in less than 3 months).
Zenith Bank: Investing ₦100,000 in January 2026 would now be worth approximately ₦155,300 (a 55.3% year-to-date gain).
Oando Plc: A ₦100,000 investment at the start of 2026 would be worth roughly ₦121,500 today (a 21.5% gain).
Key Considerations for Your ₦100,000
Transaction Costs: Remember that stockbroking fees (usually around 1.35% to 2% for buying and selling) will slightly reduce your total number of units.
Dividends: "Real figures" also include cash paid directly to you. For example, Tier-1 banks like Zenith often pay high annual dividends, which would be extra cash on top of the share price growth.
Volatility: While Eunisell grew 1,239%, Sunu Assurances has dropped 20% so far in 2026. In that case, your ₦100,000 would have shrunk to ₦80,000.
Oando Plc (NGX:OANDO) Stock Quote
13 Mar 2026 — * OANDO Stock Market Performance. 1WK. 4WK. 3MO. -1.71% +22.1% +25.9% 6MO. 1YR. YTD. +2.84% -12.8% +21.5% The current share price
Eunisell Interlinked Plc (NGX:EUNISELL) Stock Quote
* EUNISELL Stock Market Performance. 1WK. 4WK. 3MO. +91.6% 6MO. 1YR. YTD. +467% +1,239% +25.2% The current share price of Eunisell...
Aradel Holdings (NGX:ARADEL) Stock Quote
* ARADEL Stock Market Performance. 1WK. 4WK. 3MO. +3.05% +34.4% +97.1% 6MO. 1YR. YTD. +146% +150% +100% The current share price
Current Investment Breakdown (₦100,000 Investment)
Real Figures of Historical High Performers
how much is dividend payout per year?
For a ₦100,000 investment, your annual dividend payout depends on how many shares you own and the company's specific "Dividend Per Share" (DPS). Nigerian companies typically pay dividends once (Final) or twice (Interim + Final) per year.
Simply Wall Street
Below are the dividend payouts for 2025/2026 based on recent company declarations:
Estimated Annual Payouts (for ₦100,000 Investment)
Zenith Bank:
Morningstar
Dividend per Share: ₦5.25 total (₦1.25 Interim + ₦4.00 Final).
Units Owned: ~1,042 shares.
Annual Cash Payout: ₦5,470.50.
Guaranty Trust Holding (GTCO):
Morningstar
Dividend per Share: ₦8.03 total (₦1.00 Interim + ₦7.03 Final).
Units Owned: ~851 shares.
Annual Cash Payout: ₦6,833.53.
Dangote Cement:
AfricanFinancials
Dividend per Share: ₦45.00 (Proposed Final for 2025).
Units Owned: ~74 shares.
Annual Cash Payout: ₦3,330.00.
MTN Nigeria:
TechCabal
Dividend per Share: ₦20.00 total (₦5 Interim + ₦15 Final).
Units Owned: ~127 shares (at ~₦783/share).
Annual Cash Payout: ₦2,540.00.
United Bank for Africa (UBA):
Morningstar
Dividend per Share: ~₦3.25 total (based on ₦0.25 Interim + expected Final).
Units Owned: ~2,197 shares (at ~₦45.50/share).
Annual Cash Payout: ₦7,140.25.
Dividend Summary Table
Company DPS (₦) Approx. Yield Payout Frequency
Dangote Cement 45.00 ~5.6% Annual
GTCO 8.03 ~6.8% Semi-Annual
Zenith Bank 5.25 ~5.5% Semi-Annual
UBA 3.25 ~7.1% Semi-Annual
Aradel Holdings 30.00 ~2.2% Annual
Key Things to Remember
Withholding Tax: A 10% tax is automatically deducted by the government before you receive your dividend.
Yield vs. Amount: High-priced stocks like Aradel pay a larger amount per share (₦30) but have a lower "yield" because the share price is so high. Low-priced stocks like UBA often give you more "cash for your buck" (higher yield).
Profitability: Dividends are not guaranteed; they are only paid if the company makes a profit and the board approves the payout.
For the high-growth stocks previously mentioned, the dividend payout reflects the company's current stage. "Growth" stocks (like Eunisell or Oando) often reinvest profits to drive that 400% return rather than paying large cash dividends, while "Turnaround" stocks (like Aradel or Beta Glass) have begun increasing their payouts as they stabilize.
Below are the real dividend figures for these high-performers based on a ₦100,000 investment at current prices (as of March 16, 2026):
Annual Dividend Payouts for High-Growth Stocks
Sunu Assurances (SUNUASSUR)
Business Post Nigeria
Dividend per Share: ₦0.10 (Approved June 2025).
Units for ₦100k: ~22,727 shares.
Annual Cash Payout: ₦2,272.70 (before tax).
Aradel Holdings (ARADEL)
Dividend per Share: ~₦30.00 total (based on ₦10.00 interim payments in late 2025).
Units for ₦100k: ~74 shares.
Annual Cash Payout: ₦2,220.00.
Beta Glass (BETAGLAS)
Simply Wall St
Simply Wall St
Dividend per Share: ₦2.95 (Proposed for 2025/2026 period).
Units for ₦100k: ~200 shares.
Annual Cash Payout: ₦590.00.
Wema Bank (WEMABANK)
Dividend per Share: ₦1.00.
Units for ₦100k: ~3,846 shares.
Annual Cash Payout: ₦3,846.00.
Oando Plc (OANDO)
Dividend Payout: Oando typically issues "Bonus Shares" (Stock Dividends) instead of cash. In 2025, they distributed 1 new share for every 12 shares held.
Units for ₦100k: ~2,047 shares.
Annual "Payout": You would receive ~170 extra shares for free, worth roughly ₦8,300 at current prices.
Eunisell Interlinked (EUNISELL)
Dividend per Share: ₦0.00.
Why? Eunisell is currently in a high-growth phase. Management is reinvesting all earnings back into the business to support the stock's massive price appreciation (up over 1,200% recently).
Comparison: Cash Dividend vs. Stock Growth
Stock Cash Payout (on ₦100k) Main Benefit
Wema Bank ₦3,846.00 High Yield + Recapitalization Growth
Sunu Assurances ₦2,272.70 Consistent Penny Stock Income
Aradel Holdings ₦2,220.00 Stability in the Energy Sector
Oando ₦0 (Stock Bonus) Increasing your total number of shares
Eunisell ₦0 Pure Price Growth (Capital Gains)
Pro Tip: If your goal is specifically a 400% return, the dividend is usually less important than the share price growth. Most "400% winners" pay very little cash because they are using that money to expand.
what if I sold it in in a year after return pls
If you invest ₦100,000 today and it grows by 400% in one year, your investment would be worth ₦500,000. When you sell, however, the "real figure" you take home will be slightly less due to selling fees and taxes.
The Final Payout: Breakdown of ₦500,000 Sale
Investment Value after 400% Return: ₦500,000
Selling Fees (~1.5% to 1.8%): Your broker and the exchange (NGX) charge fees to process the sale. At a standard 1.5% rate, this is roughly -₦7,500.
Capital Gains Tax
The Good News: For most individual retail investors in Nigeria, you are exempt from CGT if your total annual sales proceeds are less than ₦150 million and your total gains are less than ₦10 million.
The Reinvestment Loophole: Even if you exceed these amounts, you pay zero tax if you reinvest the money into other Nigerian shares within the same year.
Cash-in-Hand: After fees (and assuming you qualify for the tax exemption), you would walk away with approximately ₦492,500.
Comparison: Total Take-Home for Different Stocks
If we assume every stock in the list hits that 400% return, here is your estimated "Net Cash" after one year (including dividends):
Stock Sale Value (Net of Fees) Total Dividends (Net of Tax) Total Cash Out
Wema Bank ₦492,500 + ₦3,461 ₦495,961
Sunu Assurances ₦492,500 + ₦2,045 ₦494,545
Aradel Holdings ₦492,500 + ₦1,998 ₦494,498
Oando Plc ₦492,500 + ₦0 (Growth focus) ₦492,500
Eunisell ₦492,500 + ₦0 (Growth focus) ₦492,500
Important Selling Rules for 2026
Settlement Time (T+2): When you sell your shares on the Nigerian Exchange Limited (NGX), it takes 2 business days for the cash to move from the exchange to your stockbroking account.
Broker Commission: Brokerage fees are negotiable. While the maximum is 1.35%, many modern apps like the Stanbic IBTC Stockbrokers app or fintech platforms offer lower rates for retail investors.
Stanbic IBTC Stockbrokers
The Tax Deadline: The new Nigeria Tax Act 2025 rules are strictly enforced starting January 1, 2026. Keep records of your "buy" price (cost basis) to prove your actual profit if the tax authorities ask.
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These articles detail the selling fees, capital gains tax implications, and settlement timelines for Nigerian stock investments:
Capital Gain Tax in Nigeria in 2026
Feb 11, 2026 — Capital Gain Tax in Nigeria in 2026. Capital Gain Tax in Nigeria has undergone a significant transformation with the enactment of ...
sowprofessional.com
Market Structure - Nigerian Exchange Limited - NGX
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What You Need to Know About the New Capital Gains Tax ...
Nov 12, 2025 — Key Changes * The flat 10 per cent CGT rate has been replaced with progressive income tax rates ranging from 0 per cent to 30 per .