Nigeria Stock Market Surges N297.21bn After CBN Rate Cut

On September 22, 2026, Nigeria's stock market experienced significant gains, with investors' wealth increasing by N297.21 billion on the Nigerian Exchange. The NGX All-Share Index closed at 250,614.66 points, up from 250,156.80 points, marking a rise of 0.18%.

This gain brought the market's year-to-date return to 61.05%. Major contributors to this performance included stocks such as Sovereign Trust Insurance, which was the best performer, and others like Stanbic IBTC Holdings, UBA, and Custodian Investment.

The Central Bank of Nigeria (CBN) announced a reduction in the Monetary Policy Rate from 26.5% to 23% during its 307th Monetary Policy Committee meeting in Abuja, aiming to realign operational signals for interest rates. The market saw a significant increase in trading activity, with total volume rising by 45.82% to 837.26 million units and total value reaching N48.57 billion.