No fewer than forty (40) listed stocks on the Nigerian Exchange Limited (NGX) made investors over 100 percent richer in 2025.
These stocks tracked across key sectors by BusinessDay have risen between 100 percent to 1,354 percent, far outperforming the market’s benchmark index which rose this year by 47.73 percent, according to trading data as at week ended Friday, December 19.
The outperforming stocks and their returns in 2025 are: NCR (+1,354 percent), Beta Glass (+470.11percent) and Mutual Benefits (+421.31percent).
Also, investors have reasons to smile this year for buying at the beginning of this year stocks like Champion Breweries which has risen by +344.88percent, Ellah Lakes (+341.46percent), Eunisell (+315.15percent), Guinness (+312.38 percent), and Vitafoam (+311.30percent).
Read also: 10 stocks that grew over 1500% on the NGX since 2015
“The Santa Rally is in full swing as the market heads into the final full trading week of the year.
“We expect a continuation of the bullish trend as institutional investors and pension fund administrators look to optimise year-end portfolio valuations,” according to research analysts at Lagos-based Vetiva.
Other stocks that recorded over 100 percent return in 2025 are: Cadbury (+177.21percent), Honeywell Flour Mills (+181.75percent), Wema Bank (+109.89percent), International Breweries (+116.22percent), Berger Paints (+110percent), NASCON (+244.34percent), Nigerian Breweries (+148.44percent), Nestle (+123.77percent), Unilever (+118.51percent), FTN Cocoa (+142.86percent), and Okomu Oil Palm (+149.77percent).
Investors who also at the beginning of the year bought stocks like Presco (+201.05percent), NGX Group (+144.95percent), SCOA (+244.66percent), UACN (+179.01percent), AIICO (+172.73 percent), Custodian (+128.07percent), and NEM Insurance (+140.18percent) have reasons to smile.
“The Nigerian equity market is likely to remain broadly positive in the coming week, supported by easing inflation, improving macroeconomic sentiment, and continued investor appetite for fundamentally strong stocks,” said United Capital Research analysts.
“Gains may be driven by consumer goods, building materials, banking, and insurance stocks, as investors position for earnings resilience and inflation relief. However, intermittent profit-taking is expected after the strong year-to-date performance, which could moderate upside momentum,” United Capital research analysts further said in their investment views for the week.
Read also: Stanbic, Wema top NGX banking stocks in 2025
In the trading week to Friday December 19, equities market rose by 1.75 percent. While month-to-date (MtD) return as at review trading week stood at 5.99percent.
Other stocks that have risen by over 100 percent in 2025 are: Sovereign Trust Insurance (+245.54percent), NPF Microfinance Bank (+118.71percent), UPDC (+223.90 percent), Fidson (+177.42percent), Neimeth (+168.56percent), CWG (+141.56percent), Tripple Gee (+115.61percent), and MTNN (+165.85percent).
ABC Transport share price has risen by 184.55 percent, Academy (+145 percent), Caverton (+130.60percent), Ikeja Hotel (+194.22percent), Nahco (+137.79percent), and Skyway Aviation Handling Company (+164.42percent).
Futureview research analysts in their December 22 equities market recommendation said, “We expect investors to trade cautiously, focusing on fundamentally strong stocks with attractive valuations”.


