The NGX Legends: 10 Stocks That Surged Over 1,500% Since 2015 — A Decade of Explosive Wealth Creation
Between 2015 and 2025, the Nigerian stock market quietly produced some of the biggest wealth creators in Africa. While the economy battled inflation, currency devaluation, and multiple policy shocks, the Nigerian Exchange (NGX) grew by over 320%, with the All-Share Index (ASI) soaring from 34,000+ points to over 145,000 points.
That’s a 14% compound annual growth rate (CAGR) — significantly higher than Nigeria’s economic growth rate in the same period.
But the real story lies in the companies that didn’t just grow—they exploded.
Across agriculture, manufacturing, banking, insurance, and hospitality, several stocks delivered life-changing returns, turning patient investors into silent millionaires.
Here are the top 10 biggest gainers on the NGX from 2015 to 2025.
1️⃣ Presco Plc — 5,818% Return
From ₦24.50 ➝ ₦1,450
Presco tops the chart with a mind-blowing 5,818% surge.
• Annual growth rate: 45%
• Revenue grew 1,886%
• Net income jumped 3,252%
Presco’s dominance in palm oil production, pricing power, and expansion strategy made it a wealth machine—now worth $1 billion.
2️⃣ Okomu Oil — 4,508% Return
Palm oil again… and the numbers don’t lie.
• Revenue grew from ₦9.7bn ➝ ₦130.2bn
• Profit after tax rose N2.7bn ➝ N40bn
This sector benefited from rising global demand, naira depreciation, and backward integration.
3️⃣ NEM Insurance — 3,977% Return
From penny stock to powerhouse.
• Share price: ₦0.65 ➝ ₦26.50
• Net income: ₦713m ➝ ₦29.2bn
• EPS: ₦0.14 ➝ ₦5.82
NEM’s disciplined underwriting and strong investment income made it a silent compounding machine.
4️⃣ NAHCO — 2,734% Return
Nigeria’s leading airport services company soared as aviation traffic grew.
• Profit rose 2,292%
• EPS grew 0.34 ➝ 6.60
Infrastructure and tourism recovery played a major role.
5️⃣ Transcorp Hotels — 2,616% Return
₦5.8 ➝ ₦157.5
Nigeria’s hospitality leader transformed into a billion-dollar company.
• Earnings grew from ₦14bn ➝ ₦70bn
Tourism expansion + strong management = massive ROI.
6️⃣ Transcorp Plc — 2,594% Return
The parent company benefited from:
• Power business expansion
• Hotel business performance
• Conglomerate diversification
It even hit an all-time high of ₦61 in 2025.
7️⃣ Wema Bank — 1,790% Return
The only commercial bank on the list.
• Share price: ₦1 ➝ ₦18.9
• Interest income: ₦37bn ➝ ₦354bn
• Assets: ₦396bn ➝ ₦3.59tn
Wema’s national expansion and digital banking push (ALAT) paid off big.
8️⃣ Eunisell Interlinked — 1,632% Return
A cable and electrical manufacturing company—
• Big gains came in 2024 (+502%) and 2025 (+307%)
• Strong demand for local manufacturing boosted valuations.
9️⃣ Vitafoam — 1,525% Return
A consumer goods giant that proves everyday needs = steady wealth.
• Share price: ₦5.41 ➝ ₦87.90
• Revenue: ₦17bn ➝ ₦82bn
Demand for mattresses and foam products remained resilient through cycles.
NASCON — 1,505% Return
The Dangote salt and seasoning company delivered:
• Revenue growth: 744%
• Net income jump: 640%
• Share price: ₦6.22 ➝ ₦99.80
Food companies remain top performers because consumption is constant.
Key Lessons from These 10-Year Winners
1. Agriculture and Food are unbeatable
Palm oil and consumer staples delivered the highest gains.
2. Strong management matters
Companies that reinvested profits and expanded aggressively won big.
3. Earnings drive stock prices
Every stock on this list recorded massive profit growth.
4. Patient, long-term investing is powerful
Most of these stocks didn’t move fast—they compounded silently.
5. Even small stocks can become billion-dollar giants
The NGX is full of hidden opportunities.
Between 2015 and 2025, the Nigerian stock market quietly produced some of the biggest wealth creators in Africa. While the economy battled inflation, currency devaluation, and multiple policy shocks, the Nigerian Exchange (NGX) grew by over 320%, with the All-Share Index (ASI) soaring from 34,000+ points to over 145,000 points.
That’s a 14% compound annual growth rate (CAGR) — significantly higher than Nigeria’s economic growth rate in the same period.
But the real story lies in the companies that didn’t just grow—they exploded.
Across agriculture, manufacturing, banking, insurance, and hospitality, several stocks delivered life-changing returns, turning patient investors into silent millionaires.
Here are the top 10 biggest gainers on the NGX from 2015 to 2025.
1️⃣ Presco Plc — 5,818% Return
From ₦24.50 ➝ ₦1,450
Presco tops the chart with a mind-blowing 5,818% surge.
• Annual growth rate: 45%
• Revenue grew 1,886%
• Net income jumped 3,252%
Presco’s dominance in palm oil production, pricing power, and expansion strategy made it a wealth machine—now worth $1 billion.
2️⃣ Okomu Oil — 4,508% Return
Palm oil again… and the numbers don’t lie.
• Revenue grew from ₦9.7bn ➝ ₦130.2bn
• Profit after tax rose N2.7bn ➝ N40bn
This sector benefited from rising global demand, naira depreciation, and backward integration.
3️⃣ NEM Insurance — 3,977% Return
From penny stock to powerhouse.
• Share price: ₦0.65 ➝ ₦26.50
• Net income: ₦713m ➝ ₦29.2bn
• EPS: ₦0.14 ➝ ₦5.82
NEM’s disciplined underwriting and strong investment income made it a silent compounding machine.
4️⃣ NAHCO — 2,734% Return
Nigeria’s leading airport services company soared as aviation traffic grew.
• Profit rose 2,292%
• EPS grew 0.34 ➝ 6.60
Infrastructure and tourism recovery played a major role.
5️⃣ Transcorp Hotels — 2,616% Return
₦5.8 ➝ ₦157.5
Nigeria’s hospitality leader transformed into a billion-dollar company.
• Earnings grew from ₦14bn ➝ ₦70bn
Tourism expansion + strong management = massive ROI.
6️⃣ Transcorp Plc — 2,594% Return
The parent company benefited from:
• Power business expansion
• Hotel business performance
• Conglomerate diversification
It even hit an all-time high of ₦61 in 2025.
7️⃣ Wema Bank — 1,790% Return
The only commercial bank on the list.
• Share price: ₦1 ➝ ₦18.9
• Interest income: ₦37bn ➝ ₦354bn
• Assets: ₦396bn ➝ ₦3.59tn
Wema’s national expansion and digital banking push (ALAT) paid off big.
8️⃣ Eunisell Interlinked — 1,632% Return
A cable and electrical manufacturing company—
• Big gains came in 2024 (+502%) and 2025 (+307%)
• Strong demand for local manufacturing boosted valuations.
9️⃣ Vitafoam — 1,525% Return
A consumer goods giant that proves everyday needs = steady wealth.
• Share price: ₦5.41 ➝ ₦87.90
• Revenue: ₦17bn ➝ ₦82bn
Demand for mattresses and foam products remained resilient through cycles.
NASCON — 1,505% Return
The Dangote salt and seasoning company delivered:
• Revenue growth: 744%
• Net income jump: 640%
• Share price: ₦6.22 ➝ ₦99.80
Food companies remain top performers because consumption is constant.
Key Lessons from These 10-Year Winners
1. Agriculture and Food are unbeatable
Palm oil and consumer staples delivered the highest gains.
2. Strong management matters
Companies that reinvested profits and expanded aggressively won big.
3. Earnings drive stock prices
Every stock on this list recorded massive profit growth.
4. Patient, long-term investing is powerful
Most of these stocks didn’t move fast—they compounded silently.
5. Even small stocks can become billion-dollar giants
The NGX is full of hidden opportunities.