10 firms delivered 200% return in 5 years

At least 10 companies have delivered over 200 per cent stock returns in five years.

This is despite two financial recessions in five years.

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Some of these firms on the Nigerian inventory change on the trading floors of NSE have seen their shares rally considerably throughout the identical intervals.

The All Share Index (ASI) is up 74 p.c within the final five years. However 10 firms on the NSE have seen their shares surge over 200 p.c in that point. They are NEM Insurance (537%), May and Baker (481%), United Capital (331%), and B.O.C Gases (299%).

The rest are FCMB (267%) Neimeth (236%) Stanbic IBTC (221%), Okomu Oil (221%) Cutix Plc (213%) and UBA (211%).

According to a Business Day report, the evaluation was carried out utilizing the share costs of every firm as at January 2021 in comparison with January 2016 through data obtained from the Nigerian Stock Exchange (NSE).