Nigerian Equities Market Rises 0.92% on Strong Banking Stocks

The Nigerian equities market maintained its winning streak into a third consecutive week, with the benchmark NGX All-Share Index (ASI) rising 2,308.85 basis points or approximately 0.92%, closing at 252,113.41 points on September 25, 2026, up from 249,804.56 points the previous week. Market capitalisation increased by N1.498 trillion, or approximately 0.92%, to N163.655 trillion, resulting in a year-to-date return of +62.01%.

Key contributors to this rally included Seplat Energy (+7.3%), Dangote Cement (+1.6%), HBMNG (+4.4%), GTCO (+5.4%), and Zenith Bank (+5.1%). Critical Minerals Financing Corp Plc was the standout performer, surging 59.80% to close at N3.26.

On the final trading day, the ASI edged down 0.01%, trimming N23.77 billion from market capitalisation. Trading activity saw a total turnover of 4.689 billion shares worth N240.824 billion in 261,198 deals.

The Central Bank of Nigeria's decision to cut the benchmark monetary policy rate by 350 basis points on September 22 contributed to the market's positive performance.