Nigeria’s equities market recorded a significant boost of N122.45 billion, driven largely by a rally in the insurance sector. Investors showed renewed confidence, pushing key stocks higher and reflecting optimism in the nation’s economic outlook under President Tinubu.

Market analysts attributed the gain to strong performance in major insurance companies, as well as broader investor sentiment fueled by ongoing economic reforms and policy measures aimed at strengthening financial markets.

The surge in equities highlights growing investor confidence in Nigeria’s capital markets and underscores the impact of President Tinubu’s policies to create a more stable and attractive environment for investment.