Nigerian Exchange Surges to N162.68 Trillion Market Cap

On September 22, 2026, trading on the Nigerian Exchange Limited (NGX) concluded positively, propelled by substantial turnover in financial sector equities. The market capitalization of listed equities increased by N297.21 billion, closing at N162,682,572,034,425.34 (N162.68 trillion).

The NGX All-Share Index (ASI) rose by 457.86 points (0.18%), reaching a record high of 250,614.66 points. The financial services sector was the main driver of this growth, with significant trading volumes in tier-1 and tier-2 banks, as well as select technology and energy firms.

However, selling pressure from telecommunications giant MTN Nigeria Communications Plc, which fell by 4.49% to close at N850.00, slightly impacted the NGX Premium Index, which decreased from 31,714.33 to 31,679.41 points. The session saw 837,217,438 equity shares traded across 52,054 deals, with liquidity concentrated on the Main Board.

The NGX Insurance Index fell from 1,102.93 to 1,081.54 points due to declines in AXA Mansard Insurance Plc and Mutual Benefits Assurance Plc.