Nigerian Stock Market Surges as Market Cap Hits N106.09trn

The Nigerian stock market closed on a bullish note on Tuesday, January 28, 2026, with the market capitalization reaching N106.09 trillion. The benchmark All-Share Index (ASI) gained 0.12%, closing at 165,713.82 points.

Investor wealth increased by N125.65 billion, with positive sentiment driving renewed interest in select mid and large-cap stocks. SCOA Plc led the gainers with a 25% increase, while Austin Laz Company Plc topped the losers' table.

Total trade volume declined to 19.70 billion shares exchanged in 41,499 deals valued at N17.38 billion. Providus Bank's current operations are under review as it plans to assume the corporate identity of United Bank following a merger arrangement.

Shareholders of United Bank will receive either cash compensation or shares in Providus Bank.