Nigerian Stocks Surge 29.35% in Q1 2026 Performance

In Q1 2026, Nigerian stocks posted a remarkable return of 29.35%, with a 4.39% increase in March, marking the fourth consecutive month of gains. The total market capitalization reached ₦129.2 trillion, with the share index climbing from 192,826.8 at the start of March to close at 201,287.8.

This quarter's performance was bolstered by gains across major sectors, despite a slowdown in trading activity compared to previous months. The industrial goods sector led the performance with a 19.98% gain in March, while the oil and gas sector rose by 7.99%.

However, the insurance sector declined by 9.45%, making it the worst performer, followed by the banking sector, which fell by 1.66%. The NGX 30 index reflected a slight uptick with a 4.83% gain, and the NGX main board rose by 6.48%.

Lafarge Africa PLC's strong performance contributed significantly, while BUA Cement increased its market capitalization to ₦11 trillion.