The Nigerian stock market has reached a historic milestone, with total market capitalisation surpassing ₦100 trillion, reflecting renewed investor confidence and strong early-year momentum.
Trading on the Nigerian Exchange (NGX) pushed market value to about ₦101.8 trillion, supported by broad-based buying across key sectors. The NGX All-Share Index rose by about 1.7%, driven largely by gains in banking, consumer goods, and industrial stocks.
Analysts attribute the rally to early-year portfolio rebalancing, improved sentiment around corporate earnings, and sustained demand for large-cap equities. Market breadth remained positive, indicating widespread participation in the rally.
The milestone is widely seen as a sign of growing depth and resilience in Nigeria’s capital market, with investors now turning attention to earnings season and policy signals for direction in the weeks ahead. Visit www.jocomms.com for more news.