Nigerian Equities Market Gains

Nigeria's stock market gained N1.91 trillion on August 31, 2026, closing the month with a minimal loss of -0.4%. The rally was driven by the confirmation of Nigeria's reclassification to "Frontier Market" status by FTSE Russell, boosting investor sentiment.

Year-to-date equities turnover on the Nigerian Exchange Limited reached N6.62 trillion at the end of August, reflecting a 56.9% gain. The market showed strong investor participation despite profit-taking, with the All-Share Index closing at 244,199.39 points.

The Nigerian equities market opened the week with a bullish trend, gaining approximately N1.91 trillion. The NGX All-Share Index rose by 1.20%, driven by advances in heavyweight stocks. The market's year-to-date return strengthened to 56.93%, following Nigeria's reclassification