NGX Index Rises 0.10% as Dangote Refinery IPO Opens

On September 14, 2026, the Nigerian equities market opened the week with a modest gain, as the benchmark All-Share Index (ASI) increased by 0.10% to close at 243,299.24 points. The market capitalization rose by N159.8 billion, reaching N157.75 trillion, up from N157.59 trillion.

This gain marks the market's recovery for the fourth consecutive session, bringing the year-to-date return to +56.35%. The market breadth, however, turned negative with 28 stocks declining compared to 19 gainers.

NGX Group emerged as the top performer, gaining 10% and continuing its rally, having previously recorded a 13.85% weekly gain. Conversely, John Holt led the decliners with a 10.00% drop.

The NGX Banking Index was the strongest sector, rising 0.68%. Trading activity decreased, with Sterling Financial Holdings being the most traded stock by volume at 78.05 million units.

This trading session coincided with the opening of the Dangote Refinery IPO subscription window, a N2.15 trillion offer, which is set to close on October 13.