NGX Market Cap Surges by N232 Billion, Key Companies Gain While Others Face Losses

The Nigerian Stock Exchange (NGX) witnessed a positive turnaround as market capitalization surged by N232 billion on Thursday, January 29, 2026, reaching N105.97 trillion. The NGX All-Share Index (ASI) also rose by 362.93 points to close at 165,527.31.

Notable gainers included SCOA with a 9.91% increase to N31.60 per share, Deap Capital Management Trust advancing by 9.91% to N10.43, and Verita Kapit Assur climbing by 9.85%. On the losing side, Legend Internet recorded a loss of 7.56%, while FGSUK2031S4 experienced the biggest decline of 19.00%.

The market activity saw a total of 550.40 million shares valued at N14.14 billion exchanged in 38,635 deals. The Nigerian banking sector is under pressure to recapitalize before the March 31, 2026 deadline set by the Central Bank of Nigeria (CBN), with Governor Olayemi Cardoso confirming that several lenders may face closure for failing to meet the new capital requirements.