NGX Market Capital Surges by N25 Trillion in 2026

The Nigerian Exchange (NGX) experienced a significant increase of N25 trillion in market capital over a seven-week period, showcasing a bullish trend in 2026. As of December 31, 2025, the total equity market capitalization expanded to N99.38 trillion, marking one of the largest absolute increases globally.

The NGX share index rose by 51.19 percent to close at 155,613 points, up from 102,926 at the start of 2025. Despite a challenging November 2025, which saw a decline of N6.54 trillion due to profit-taking and concerns over a forthcoming 30% capital gains tax, the market demonstrated resilience.

Temi Popoola, Group Managing Director and CEO of NGX Group, emphasized the importance of policy reforms and technological investments to sustain market growth. By January 30, 2026, the market capitalization reached N106.15 trillion, driven by strong corporate earnings and macroeconomic reforms, with various sector indices reflecting positive performance.