Nigerian Exchange Market Capitalization Surges N51.6 Trillion

As of June 30, 2026, the overall market capitalization of tradable securities on the Nigerian Exchange (NGX) rose to N201.3 trillion, marking an increase of N51.6 trillion or 34.45% from N149.74 trillion at the end of 2025. The equity market contributed approximately 73% of this growth, amounting to N146.8 trillion, while debt instruments accounted for 27.03%, totaling N54.4 trillion.

The Exchange Traded Fund (ETF) segment contributed N58.3 billion, reflecting a 36.01% year-to-date increase. Analysts attribute this growth to stabilizing foreign exchange markets, recovery from foreign exchange losses, and increased portfolio investments by domestic investors.

Key players like MTN Nigeria Communications PLC and Nigerian Breweries PLC reported impressive earnings, boosting investor confidence. Aruna Kebira, MD/CEO of Globalview Capital Limited, noted the resilience of the stock market despite economic headwinds.

David Adonri of Highcap Securities Limited projected a cautious optimism for the second half of 2026, supported by stronger corporate fundamentals and ongoing macroeconomic reforms.