- Nigeria’s stock market hit another record on Friday, taking 2026 gains to 45%.
- The NGX is now worth $107 billion after strong gains in banks and industrial shares.
- Banking and pension-linked indices are among the best performers this year.
- Investors are watching whether the market can soon cross the $111 billion mark.
The benchmark NGX All-Share Index rose 1.3% to 225,724.33 points, taking gains to 3.94% over the past week, 12.34% over the past month, and 45.05% year-to-date
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A total of 627.4 million shares worth N44.39 billion ($32.7 million) were traded in 55,081 deals. Compared with the previous session, turnover rose 17%, while trading volume fell 6%
Nigeria has become one of the standout frontier marketsof 2026, helped by stronger corporate earnings, bank recapitalisations, domestic pension-fund demand and investor bets that economic reforms will improve long-term growth
Banking shares dominated volumes, with Access Holdings, United Bank for Africa, Wema Bank and Zenith Bank among the most actively traded stocks
Investors are now watching whether the market can cross the N150 trillion ($110.6 billion) milestone in coming sessions