Nigerian Stock Market Surges 2.36% in Early September

The Nigerian equities market closed the first week of September 2026 on a bullish note, with the benchmark Nigerian Exchange All-Share Index increasing by 2.36% to 246,992.44 points, up from 241,298.47 points the previous week. Total market capitalization rose 2.40% to N159.559 trillion.

Trading activity saw a significant increase, with a total turnover of 4.360 billion shares valued at N210.331 billion exchanged across 223,284 deals, compared to 2.507 billion shares worth N123.223 billion in 173,561 deals the prior week. A notable trading session occurred on Friday, 4 September, with over 2.24 billion shares worth N73.38 billion traded.

Year-to-date, the All-Share Index has gained 58.72%, driven by domestic demand and institutional rebalancing. The Financial Services sector led trading activity, generating 82.10% of total market turnover volume.

Joy Bobaseye, a Lagos-based stock market trader, attributed the market's momentum to capital recapitalization in Nigeria's financial services industry.