Nigerian Stock Market Gains N29.83 Trillion in Q1 2026

In the first quarter of 2026, Nigeria's stock market demonstrated impressive resilience, gaining N29.83 trillion by the end of March, with a market capitalization of N129.209 trillion, reflecting a 30.02% increase from the year's opening figure of N99.376 trillion. The NGX benchmark share index (ASI) rose by 29.35%, reaching 201,287.78 points, the highest level recorded in the history of the local stock market.

Monthly performance data revealed that in January, the market gained N6.78 trillion (6.82%), followed by a growth of N17.610 trillion (16.59%) in February, and an additional N5.446 trillion (4.40%) in March. The oil and gas sector outperformed others with a year-to-date return of 64.22%.

Financial analysts, including Mr. Godwin Ikezu, attributed this bullish trend to robust corporate earnings and improved investor confidence, while Mr. Ambros Omordion noted the positive impact of bank recapitalization efforts. The market's growth occurred despite global economic tensions.