Nigerian Stocks Rebound with 0.81% Gain on August 28

For the week ending August 28, 2026, Nigerian equities rebounded after 11 consecutive sessions of losses, with the NGX All-Share Index (ASI) increasing by 1,947.31 points, or 0.81%, closing at 241,298.47 points, up from 239,351.16 points the previous week. Market capitalisation rose by 0.84% to N155.826 trillion.

The quarter-to-date return was +5.18%, and the year-to-date return was +55.06%. This recovery was attributed to FTSE Russell's decision to reclassify Nigeria from “Unclassified” to “Frontier Market” status, which spurred buying interest in oil & gas, banking, and value stocks.

University Press Plc emerged as the standout performer, surging 18.75% to close at N5.70, while International Energy Insurance Plc led the losers with a 26.61% decline. Total turnover decreased to 2.507 billion shares worth N123.223 billion in 173,561 deals.

The market was closed on August 25, 2026, for the Eid el Maulud public holiday. Overall, 24 equities appreciated, 55 depreciated, and 68 remained unchanged.