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GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%
Sector

Pharmaceuticals

Local API/finished-dose manufacturers, importers, retail pharmacies, diagnostics and hospital supply chain.

6 sub-sectorsNeutralRisk: Low
Market size
₦13.5T
YoY growth
+9.4%
Forecast (12m)
+11.2%
EBITDA margin
16.2%
Sentiment score
+22
Risk score
38/100

Sector summary

Local API/finished-dose manufacturers, importers, retail pharmacies, diagnostics and hospital supply chain.

Key drivers

  • ●Local content executive order
  • ●WHO/EU GMP certifications
  • ●Diagnostics demand
  • ●Insurance penetration

Top risks

  • ●API import FX cost
  • ●NAFDAC compliance
  • ●Counterfeit products
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