Nigerian Stock Market Sees Gains Ending March 6, 2026

For the week ending March 6, 2026, the Nigerian stock market experienced a positive trend, with the Nigerian share index closing at 196,968.15, marking an increase of 4.14 points. This rise was primarily driven by significant gains in oil and gas stocks, which represented a 2.15% increase despite a decline in total market volume from 5.4 billion shares to 3.6 billion shares.

The total market capitalization rose to N126.4 trillion, reflecting an upward price movement. The market breadth showed that 44 stocks gained in price, while 32 recorded gains compared to the previous week, where 58 equities declined.

The NGX Premium Index advanced by 2.76%, supported by gains from Lafarge Africa (5.00%), Dangote Cement (4.62%), and MTN Nigeria (3.95%). The NGX Oil and Gas Index led sector performance with a rise of 9.43%, driven by strong gains from Eterna (28.72%) and Oando (18.90%).

The week also featured corporate disclosures across the market, signaling a strengthening bullish momentum as the index approaches the 197,000 threshold.