Nigerian Stock Market Gains N29.7 Trillion Year-to-Date

The Nigerian stock market has demonstrated significant momentum, achieving N29.7 trillion in year-to-date gains as of March 18, 2026, with a market capitalization of N129.126 trillion. This performance is attributed to impressive financial results from listed firms, macroeconomic shifts, and policy reforms.

The market hit the N100 trillion mark in early January 2026 and surpassed N120 trillion in February. Temi Popoola, Managing Director and Chief Executive Officer of the Nigerian Exchange Group, described this milestone as a sign of growing confidence in Nigeria's capital market.

The market is seeing increased participation from local investors, with over 200,000 active participants. Jude Chiemeka, CEO of Nigerian Exchange Limited, noted that sustained demand is driving market activity.

Analysts from Cordros Research and Arthur Steven Asset Management highlighted the importance of stabilizing the foreign exchange market and improving inflation rates, which are expected to influence stock market performance positively in 2026.