NGX Market Capitalisation Surpasses N160 Trillion Again

On September 8, 2026, the Nigerian equities market reclaimed the N160 trillion market capitalisation threshold, reaching N160.60 trillion, up from N159.56 trillion, marking a 0.65% increase. The NGX All-Share Index (ASI) advanced 0.29% to close at 247,699.78 points, a rise from 246,992.44 points in the previous session.

This recovery follows a sharp correction after the market first crossed the N160 trillion mark on August 10, when the ASI closed at 248,529.75 points. The market's year-to-date return now stands at 59.18%.

The increase was significantly supported by the listing of 8.09 billion new ordinary shares of Dangote Sugar Refinery. Despite the overall market advance, sector performance was mixed, with 43 decliners outpacing 12 advancers.

Access Holdings was the most traded stock by volume, while Aradel Holdings led by value. The market is approaching the index level but remains above its previous record market capitalisation, with Nigeria's formal reclassification to Frontier Market status by FTSE Russell set to take effect on September 21, 2026.