Nigerian Stocks Surge 16.60% in February 2026

In February 2026, the Nigerian equity market demonstrated outstanding performance, advancing by 16.60% to close at 192,826.8 points, firmly surpassing the 190,000 milestone. This rally was fueled not only by price gains but also by strong trading activity, with total volume exceeding 21 billion shares, compared to January's 15 billion.

The market capitalization rose to N123.7 trillion, up from N106.1 trillion at the end of January 2026. This performance extended the market's winning streak to three consecutive months, following a decline of 6.88% in November 2025, which was the strongest monthly advance since January 2024's 35.28% surge.

Among the stocks, Red Star Express ranked 10th in February, delivering a return of 53.61% as its share price increased from N20.80 to N31.95, with 24 million shares exchanged during the month. Investor sentiment was bolstered by unaudited results for the period ending December 31, 2025, which showed a pretax profit rise to N1.02 billion from N570.2 million, with revenue climbing 11.36% to N17.3 billion year-to-date.