Nigerian Stock Market Sees N56.6trn Surge in 2026

In the first four months of 2026, investors' returns on the Nigerian stock market surged to N56.6 trillion, marking a significant increase of 56.97%. As of April 30, 2026, the market capitalization closed at N155.994 trillion, up from N99.376 trillion at the end of 2025.

The NGX share index rose from 155,613.03 basis points on December 31, 2025, to 242,277.81 basis points, representing an increase of 86,664.78 points or 55.69%. This growth is attributed to a favorable economic outlook and improved corporate fundamentals.

The monetary policy rate set by the Central Bank of Nigeria (CBN) decreased from 27.00% in December 2025 to 26.50% in March 2026, stabilizing the foreign exchange market. The National Pension Commission (PenCom) announced an upward revision permitting the allocation of ordinary shares in RSA Fund II, III, and VI.

Mr. Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, highlighted this milestone as a sign of growing confidence in Nigeria's capital market.