NGX opens 2026 strong as market nears N100trn
Nigeria's stock market commenced 2026 on a high note, with market capitalization approaching the N100 trillion mark.
The NGX All-Share Index increased by 0.57 percent on Friday, marking the first trading day of January 2026, which translated to a gain of 879.40 points and a closing figure of 156,492.40.
During the trading session, market capitalization also saw an increase, reaching N99.9 trillion.
Trading commenced with stocks seeing gains, despite a reduced trading volume due to the holiday season, as investors positioned themselves for a year anticipated to challenge market sentiment following the new tax laws in Nigeria that took effect on January 1.
The upward trend in Nigeria's equities followed a robust performance in 2025, a year characterized by enhanced macroeconomic conditions and ongoing reforms that boosted valuations, liquidity, and overall investor activity.
"The Nigerian equities market experienced significant performance in 2025, surpassing other local asset classes, fueled by better macroeconomic conditions, stronger profits, elevated dividends, and increased foreign investment.
"We maintain a positive outlook on equities for 2026, bolstered by persistent reforms, heightened investor confidence, and favorable yield structures. In the fixed income sector, diminishing inflation and a more accommodative policy approach contributed to declining treasury yields. Our forecast relies on the dynamics of public borrowings and liquidity movements," remarked analysts from Meristem Research.
The Nigerian Exchange Limited concluded trading on December 31, 2025, with Nigeria’s capital market among the top performers worldwide.
"We are hopeful about the potential opportunities ahead and dedicated to positioning Nigeria’s capital market as a significant catalyst for economic advancement and wealth creation," stated Temi Popoola, CEO of NGX Group.
He noted that the Group's goal is to enhance its status as Africa’s preferred exchange hub.
Looking forward, the NGX Group indicated it will focus on fostering deeper collaboration with regulators
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