Nigerian Exchange Surges 16.60% in February 2026

In February 2026, the Nigerian Exchange recorded a remarkable increase of 16.60%, closing at 192,826.8 points, moving closer to the 200,000 milestone. This performance marked the third consecutive month of gains following a dip in November 2025.

The market's strong showing was primarily driven by robust buying interest in the oil and gas sector, which rose by 33.63% to close at 4,060.7 points. The industrial goods sector also performed well, climbing 22.20% and breaking the 7,000-point barrier for the first time, closing at 7,314.6 points.

The banking sector followed with a 16.67% increase, closing at 1,892.1 points. The consumer goods sector rose by 6.51%, while the insurance sector lagged with a modest increase of 2.31%.

Overall, the market traded 23.91 billion shares, reflecting strong activity across various sectors, particularly oil and gas, which significantly contributed to the market's upward trajectory.