6 NGX Stocks Investors Are Watching in 2026

If you want a ”top stocks to watch” list that is actually useful, follow big, liquid stocks because they move the whole market and are easier to enter/exit. 

You add event-driven stocks because a clear near-term catalyst (earnings, dividends, capital raises, regulation) can move price fast. 

When watching a stock, focus on four practical signals: earnings direction (is profit growing?), cash flow (is cash actually coming in?), balance sheet risk (debt and FX exposure), and market behaviour (volume and price action around results or announcements).

Also, because you’re under 18, any real investing should be done with a parent/guardian and a regulated broker.

1) MTN Nigeria

MTN is a market heavyweight, so it often influences the mood of the NGX. Watch subscriber growth, revenue trend, cost control, and any policy/regulatory changes that can affect pricing and margins. MTN also matters because telecoms are tightly linked to consumer spending and data demand.

2) Airtel Africa

Airtel is another heavyweight with cross-border earnings exposure. Watch revenue growth, currency impact on results, and whether operating costs are staying under control. Airtel is also one of the names foreign investors track when they want liquid exposure.

3) Dangote Cement

Dangote Cement is a key industrial bellwether. Watch cement demand, pricing power, energy costs, and whether construction activity stays strong. Cement stocks can react quickly to macro signals like infrastructure spending and building activity.

4) Zenith Bank

Zenith is closely watched in this season because banks are in a high-pressure period around capital strength, earnings, and dividends. Watch audited results, dividend policy, loan quality (provisions), and how the bank manages liquidity and interest income.

5) GTCO

GTCO is a top-tier bank that attracts strong market attention, especially during results season. Watch profit quality (not just headline profit), fee income strength, cost efficiency, and any updates that affect capital structure and growth plans.

6) May & Baker

May & Baker is the “smaller but noisy” watchlist name—healthcare stocks can move sharply when earnings momentum improves. Watch revenue growth from core pharma, profit margin stability, cash generation, and whether performance is driven by sustainable operations or one-off boosts.