Nigerian Stocks Hit N10.68tn in Seven Months of 2026

In the first seven months of 2026, the Nigerian equities market saw investors transacting approximately N10.68 trillion in stocks, representing a 126.01% Year-on-Year increase from N4.73 trillion in the same period of 2025. Domestic institutional investors accounted for N6.71 trillion of this, a 145.02% increase from N2.74 trillion in 2025, while retail domestic investors sold N3.97 trillion, up 99.8% from N1.99 trillion.

The Nigeria Exchange Limited (NGX) reported that domestic investors dominated transactions, aided by reforms from capital market regulators. A significant factor in this performance was the National Pension Commission’s (PenCom) decision on February 9, 2026, to raise equity limits for pension funds, injecting fresh liquidity into the market.

By July 31, 2026, the market capitalisation reached N158.326 trillion, an increase of N58.97 trillion or 59.32% from N99.376 trillion in 2025, with Airtel Africa Plc and seven other blue-chip stocks controlling 63.98% of the market.