MTNN, Dangote Cement, Others Expected to Perform Well in 2026

Some of Nigeria’s biggest companies are being seen as strong performers going into 2026, according to market analysts. 

MTN Nigeria, Dangote Cement, Guinness Nigeria, and Okomu Oil Palm are among the stocks tipped to do well as earnings improve and companies gain more control over pricing.

This view was shared by Bismarck Rewane, CEO of Financial Derivatives Company (FDC), during a business session in Lagos. 

He said these companies stand out because they are large, well-established, and operate in industries with less competition. This gives them room to grow profits even in a tough economy.

Why analysts are optimistic about 2026

Rewane explained that many sectors in Nigeria are now more consolidated. This means fewer big players control the market, reducing price wars and helping companies plan better. 

He also pointed to improving economic conditions, such as better FX stability and signs that inflation and interest rates may ease over time.

Because of these factors, the four companies are expected to post stronger earnings and maintain the power to adjust prices when costs rise. Still, he warned that when investors buy matters, as exchange rates and interest rates will affect how much profit is made.

MTN Nigeria benefits from data growth

MTN Nigeria remains the biggest telecom operator in the country, and its future growth is tied closely to data usage. More Nigerians are using smartphones, streaming videos, and relying on digital services, all of which support higher revenue.

With fewer competitors fighting for customers, MTN can adjust prices more easily and protect its earnings. Analysts expect strong revenue growth, helped by data services and better cost control. 

Even though telecoms require heavy investment, MTN’s size and steady cash flow make it attractive for long-term investors.

Dangote Cement gains from industry control

Dangote Cement is also seen as well-positioned for 2026. Nigeria’s cement industry is dominated by a few large companies, which helps keep prices stable. This gives Dangote Cement clearer earnings visibility than many other manufacturers.

Government infrastructure projects, cement exports, and better energy management are expected to support growth. While the company is still affected by foreign exchange and interest rate changes, its scale and pricing strength give it an edge over competitors.

Okomu Oil rides strong palm oil demand

Okomu Oil Palm stands out in the agriculture space. Palm oil prices remain high, and government policies continue to support local production. Okomu benefits from producing, processing, and selling its products within Nigeria, which helps control costs.

Analysts expect strong growth in both revenue and profit as production volumes increase. Although the stock is sensitive to FX movements, its efficiency and market position make it attractive to investors looking at agriculture.

Guinness Nigeria shows strength despite pressure on consumers

Guinness Nigeria completes the list of stocks expected to do well in 2026. Even though many Nigerians are spending carefully, the company has been able to raise prices without losing too many customers.

Its premium brands, wide distribution network, and strong market position give it an advantage. Earnings are expected to improve as costs stabilise and demand holds up. Risks remain, especially from interest rates and FX swings, but analysts believe the upside is still strong.

How the stocks are performing now

All four companies have already shown strong performance on the Nigerian Exchange. MTN Nigeria and Dangote Cement are among the most valuable stocks on the market, while Okomu Oil and Guinness Nigeria have recorded big gains over the past year.

Their current performance supports the view that they are well-placed for 2026, especially if economic conditions continue to improve.

Analysts believe MTN Nigeria, Dangote Cement, Guinness Nigeria, and Okomu Oil have what it takes to perform well in 2026. Strong brands, pricing power, and improving earnings make them attractive picks. 

However, investors are advised to watch economic trends closely, as exchange rates and interest rates will play a major role in how these stocks perform.