Nigerian Stock Market Surges N4.08 Trillion in First Week of February 2026

The Nigerian stock market closed the first trading week of February 2026 with a significant gain of N4.08 trillion, driven by sustained investor sentiment and impressive corporate earnings. The Nigerian Stock Exchange's All-Share Index rose by 3.8%, with key firms like Seplat Energy Plc, MTN Nigeria Communications Plc, and Dangote Cement Plc recording notable gains.

Market activity strengthened, with total trade volume and value increasing. The market breadth remained positive, with 70 gainers outweighing 34 decliners.

The financial services and industrial sectors led in trading volume and value. Analysts predict a positive market outlook, with key sectors like banking, consumer goods, and industrials expected to sustain the market's bullish performance.