10 Nigerian Stocks That Ruled the Market in May 2025

The Nigerian stock market closed out May 2025 with a bang. Investor confidence surged, trading volumes spiked, and prices climbed across several sectors especially in consumer goods, transport, and manufacturing. 

The NGX All-Share Index shattered records by closing the month at 111,742.01 points, marking its highest level ever and reflecting a 5.62% monthly gain.

With more than 12.6 billion shares exchanged up by 55.72% from April to May wasn’t just about numbers. It was about momentum, strong earnings, and a return of bullish sentiment across the Nigerian Exchange (NGX).

Here’s a look at the stocks that stole the show in May 2025:

Beta Glass Plc – 133.0% Gain

Beta Glass was May’s undisputed champion. Its stock more than doubled, rising from ₦99.85 to ₦232.65. The boost came off the back of a stellar Q1 performance: a ₦15.2 billion pre-tax profit, up by a massive 638.6%, and a revenue jump of over 69%. 

Strong demand for glass bottles and containers especially in West and Central Africa kept investors cheering.

Northern Nigeria Flour Mills Plc – 85.2% Gain

NNFM put on an impressive show, closing at ₦138.90, up from ₦75.00. The stock gained traction mid-month, helped by growing investor interest in the food production sector. Solid fundamentals and improved profitability made this flour producer a favorite on the trading floor.

Caverton Offshore Support Group – 73.6% Gain

Caverton’s stock climbed from ₦2.66 to ₦4.20, boosted by renewed investor confidence after the release of Q1 2025 results showing ₦1.6 billion in profit, a sharp turnaround from a loss last year. Over 129 million shares were traded, showing strong interest in the aviation and marine logistics provider.

Academy Press Plc – 65.5% Gain

Printing and publishing firm Academy Press jumped from ₦2.87 to ₦4.75, following a strong earnings release. The company posted a ₦1.2 billion profit in Q3, up nearly 430% year-on-year. Investors took notice, with 31 million shares traded in May alone.

Red Star Express Plc – 64.8% Gain

Red Star Express delivered a solid rally in May, closing at ₦8.32 from an opening of ₦5.05. Most of its gains came in the final week, breaking through resistance levels as the logistics firm recorded five straight weeks of growth. With 4.4 million shares traded, the stock caught the attention of bullish investors.

Honeywell Flour Mills Plc – 61.5% Gain

Honeywell had a strong showing in May, rising from ₦13.00 to ₦21.00. The company’s Q1 results showed a jaw-dropping ₦21.39 billion in pre-tax profit—a 349% jump year-on-year. The stock maintained weekly gains throughout the month, with over 122 million shares traded.

University Press Limited – 57.8% Gain

UPL shares surged from ₦3.74 to ₦5.90, supported by a sharp earnings rebound. The company moved from a ₦222.1 million loss last year to a ₦639.5 million profit in its latest quarter. With over 25 million shares traded, UPL quietly became one of May’s strongest comeback stories.

Champion Breweries Plc – 44.7% Gain

Champion Breweries climbed from ₦4.70 to ₦6.80, thanks to a significant earnings turnaround. The brewery recorded ₦1.7 billion in pre-tax profit, reversing a loss from last year. Strong volumes—over 80 million shares—suggest investor enthusiasm returned to the brewing sector.

Nestlé Nigeria Plc – 44.6% Gain

Blue-chip giant Nestlé saw its stock soar past ₦1,500, closing strongly after opening the month at ₦1,100. The company’s Q1 2025 report revealed a ₦51.15 billion pre-tax profit, swinging from a deep loss last year. Nestlé’s rally signaled growing confidence in Nigeria’s consumer goods segment.

ABC Transport Plc – 43.2% Gain

Rounding out the list, ABC Transport moved from ₦2.06 to ₦2.95, driven by its Q1 turnaround. A profit of ₦352 million up from a ₦20 million loss caught investors’ attention. With nearly 28.5 million shares traded, the transport firm benefited from rising interest in mobility and logistics stocks.