Over 40 Firms Raise N2.45 Trillion in Nigerian Market

Between January and September 2026, over 40 companies raised N2.45 trillion from the Nigerian capital market, according to data from the Nigerian Exchange Limited (NGX). This capital-raising surge indicates the NGX's growing significance as a source of long-term financing amid economic pressures.

The total corporate capital raised included public offers, private placements, and supplementary listings. The NGX All-Share Index increased by 61.43 percent year-to-date, reaching 251,211.67 basis points.

Notable companies involved included Dangote Sugar Refinery, which raised N485.88 billion, and various banks that collectively listed N883.8 billion. The Central Bank of Nigeria's policy requiring firms to raise fresh equity contributed to this trend.

Mr. Aruna Kebira, Managing Director of Globalview Capital Limited, stated that the surge reflects rising investor confidence, driven by innovations and improved market transparency.