Nigerian Stock Market Surges 441.3 Points with Seplat Leading Daily Gainers

The Nigerian stock market, as reflected by the NGX, experienced a significant increase of 441.3 points on February 12, 2026, closing at 178,625.6 points. Seplat (NGX: SEPLAT) emerged as a top performer, hitting the daily 10% price limit.

Total volume declined to 698.3 million shares, with notable trade activities in GTCo, Zenith Bank (NGX: ZENITHBANK), MTNN, Aradel, and others. While some stocks like Dangote Cement (NGX: DANGCEM) and Lafarge saw declines, the market capitalization edged higher to N114.6 trillion.

The market momentum remained strong, with the All-Share Index (ASI) showing a year-to-date return of 14.79%. Investor confidence was sustained, with the index approaching the 179,000 psychological level.

The market appeared technically overbought, driven by bullish sentiment and a rotation of investments into large-cap stocks like Seplat. The banking sector particularly showed strength, pushing the index towards the 180,000 mark.