Nigerian Stock Market Gains N103.90 Billion on October 14
On October 14, 2026, the Nigerian stock market closed positively, with the market capitalization rising by N103.90 billion. The NGX All-Share Index (ASI) increased from 247,513.63 points to 247,673.65 points, while market capitalization grew from N160.71 trillion to N160.81 trillion.
The positive performance was primarily supported by advances in the oil and gas, banking, and insurance sectors. However, trading activity saw a decline, with trading volume dropping by 20.11% to 314.90 million shares from 394.16 million shares in the previous session.
The number of deals also fell by 20.02%, decreasing to 30,922 from 38,660. Additionally, the Securities and Exchange Commission (SEC) issued a warning against investing in WayvePay, a digital banking platform of Wayve Microfinance Bank, due to concerns about its unregistered operations related to an initial public offering (IPO) for a petroleum refinery and petrochemicals project.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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