Nigerian Equity Market Surges Past 180,000 Mark

For the week ending 13 February 2026, the Nigerian equity market delivered impressive performance, rising by 10,585.59 points to close at 182,313.08. This marked the first time the market surpassed the 180,000 mark in its history.

The trading activity strengthened, with 4.6 billion shares exchanged across 286,751 deals, compared to 3.8 billion shares the previous week. Market capitalization rose to N117.02 trillion, and market breadth improved, with 79 stocks recording price gains compared to 71 the previous week, while 27 stocks experienced price declines, fewer than the 35 recorded the preceding week.

The rally was driven by strong participation, with the NGX Premium Index surging by 10.63%. The NGX 30 Index climbed by 6.25%, and the NGX Main Board Index rose by 3.64%.

The NGX Oil & Gas Index led the sectors with an 11.40% increase, followed by the NGX Industrial Goods Index at 7.09%. Notable gains were seen in Lafarge Africa (6.81%), Dangote Cement (4.92%), and BUA Cement.

The NGX Banking Index advanced by 5.84%, reflecting bullish momentum across tier 1 and tier 2 bank stocks.