The Nigerian stock market had a very strong performance in the first half of 2025 (H1 2025), as several companies rewarded shareholders with huge dividend payouts and recorded impressive cash growth. Investors saw significant returns, particularly from dividend-paying stocks and firms that generated high cash inflows during the period.
In this article, we take a look at the Top 10 stocks that raised the most cash in H1 2025, based on dividend payments, earnings, and overall cash flow performance.
1. Zenith Bank Plc
Zenith Bank continued its dominance in the banking sector, raising the most cash through its strong earnings and consistent dividend payouts. Investors benefited from its robust balance sheet and efficient operations.
2. Guaranty Trust Holding Company (GTCO)
GTCO remained a favorite among investors with its high profitability. The bank generated strong cash flows in H1 2025, rewarding shareholders with attractive dividends.
3. MTN Nigeria Communications Plc
Nigeria’s leading telecom operator maintained steady revenue growth. Its massive subscriber base and mobile money operations boosted cash generation, making it one of the top cash-raising stocks.
4. Seplat Energy Plc
The energy giant benefited from oil and gas market conditions. Seplat’s upstream operations provided strong cash inflows, and the company remained a reliable dividend-paying stock.
5. BUA Cement Plc
BUA Cement’s strong market share in Nigeria’s construction industry helped it raise significant cash. Increased demand for cement supported its earnings growth and shareholder rewards.
6. Dangote Cement Plc
Another major cement producer, Dangote Cement, recorded massive cash flows in H1 2025. Its export growth strategy and local demand boosted revenues, cementing its spot on the list.
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7. FBN Holdings (First Bank)
FBN Holdings made a strong comeback with impressive earnings. The bank’s performance in H1 2025 raised investor confidence, supported by improved cash generation and dividends.
8. Nestlé Nigeria Plc
Nestlé, one of Nigeria’s biggest consumer goods firms, sustained strong revenue streams. Its household food products helped it raise huge cash, rewarding investors with steady payouts.
9. UBA Group (United Bank for Africa)
UBA strengthened its Pan-African footprint, raising large cash inflows from its diversified operations. Its financial performance placed it among the top dividend-paying and cash-rich stocks.
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10. Access Holdings Plc
Access Holdings closed the list with impressive financial results. The group raised significant cash from its banking and investment arms, making it a top performer for investors in H1 2025.
The Nigerian stock market in H1 2025 proved profitable for investors who focused on cash-rich and dividend-paying stocks. Companies in banking, telecom, energy, and consumer goods dominated the list, reflecting Nigeria’s resilient sectors.
For investors, these Top 10 cash-raising stocks highlight where the real value lies: strong financial performance, consistent dividend payouts, and reliable long-term growth.
