NGX Market Rally Continues as Aradel and Oando Surge

On October 15, 2026, the Nigerian equity market experienced a gain of N21.74 billion as the Nigerian Exchange Group (NGX) extended its rally for a second consecutive day. The benchmark All-Share Index (ASI) increased by 33.48 points (0.01%) to close at 247,707.13 points, up from 247,673.65 points the previous day.

Market capitalisation rose from N160.81 trillion to N160.83 trillion, with investors trading 286,680,060 shares across 30,186 deals. The NGX Oil/Gas Index surged significantly from 6,034.68 to 6,194.16 points, driven by high-priced energy stocks, particularly Aradel Holdings Plc, which rose by 7.14% (+N99.90) to close at N1,499.90, and Oando Plc, which gained 1.16% to reach N34.95.

Despite this positive trend, MTN Nigeria Communications Plc saw a decline of 2.84% (-N24.00) to N820.00, affecting the NGX Premium Index, which fell from 31,123.69 to 30,909.21 points. The overall market showed a positive breadth with 26 gainers against 24 decliners.