Nigeria's Stock Market Surpasses N100 Trillion Market Cap Amid Positive Investor Sentiment
Nigeria's equities market achieved a significant milestone as the market capitalization surpassed N100 trillion on January 5, 2026, driven by the "January effect" and investor optimism post the enactment of new tax regulations. The Nigerian Stock Exchange recorded its highest daily rally in 2026, with the NGX All-Share Index rising by 1.74%.
Analysts anticipate continued momentum in the market, emphasizing the importance of portfolio rebalancing and investment in tier 1 banks. Temi Popoola, the Group Managing Director of the Nigerian Exchange Group, highlighted the market's growth, resilience, and positive response to economic reforms, signaling renewed investor confidence.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Stock Market Hits Record N100 Trillion Market Cap on Strong Early-Year Buying
Nigerian Stocks Surge in 2025, Market Cap Hits N99 Trillion
Nigerian Stock Market Surges, Market Cap Reaches N113 Trillion
Nigerian Stock Market Cap Hits N99.4 Trillion in 2025, Driven by Reforms and Investor Confidence
Nigerian Stock Market Begins 2026 Strong, Market Cap Nears N100 Trillion
Nigerian Stock Market Gains N6.7 Trillion in January Amid Oil Price Surge
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
