Nigeria inflation hits 15.93% in May - stocks to beat rising prices

Nigeria's headline inflation rose to 15.93% in May 2026 from 15.69% in April, meaning any investment returning less than that shrinks your purchasing power. To beat inflation, focus on sectors with pricing power, hard assets, and dollar-linked revenues.

Oil & gas leads: Aradel trades below asset value at 0.70x (N1,670/share, RSI 39.99) offering healthy entry, while Seplat at 0.80x is technically overbought (RSI 70.68, N11,363.90/share) - wait for pullback. Cement makers Dangote, BUA, and Lafarge (WAPCO) qualify as price makers with hard assets appreciating as construction costs rise.

Banking sector benefits directly: GTCO leads with 40% net interest margin, Zenith and Fidelity offer oversold entries, Wema delivers 44.35% return on equity, and StanbicIBTC adds wealth management diversification. ICT play MTN Nigeria fits with 70M subscribers, 13x earnings valuation, and RSI 47.87 showing technical room.

Underweight consumer goods (20.08% YTD) and insurance (5.89% YTD) as both struggle with weak household purchasing power. The NGX ASI reached 60.90% YTD in May before pulling back to 56% in June, with oil & gas up 113% YTD and industrials over 100%.

Will you shift portfolio toward oil & gas, cement, banks, or MTN Nigeria to protect your wealth from inflation's erosion?

SOURCE: https://nairametrics.com/2026/06/16/ngx-stocks-you-should-own-amid-rising-inflation-in-2026/