CMFC Plc Achieves 55.96% Gain, Leading NGX Market Surge
In September 2026, the Nigerian Exchange (NGX) experienced a significant market gain of N5.37 trillion, led by Critical Minerals Financing Corporation (CMFC) Plc and UPDC Real Estate Investment Trust (UPDC REIT). CMFC emerged as the top performer with a 55.96% average gain, while UPDC REIT followed with a 45.42% increase.
The NGX All-Share Index (ASI) rose from 244,199.39 points to 251,211.67 points, marking a 2.87% gain. The aggregate market capitalization increased from N157.739 trillion to N163.105 trillion, a rise of N5.366 trillion or 3.40%.
CMFC's strong performance included 4,895 deals involving 253.25 million shares valued at N700.12 million, boosting its market capitalization to over N11.10 billion. This rally coincided with the recognition of CMFC President and Co-CEO, Dr. Israel Ovirih, as one of Nigeria’s Top 25 CEOs, highlighting his leadership in the minerals and metals sector.
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