Nigerian Stocks Gain 0.57% in 2026 Open as Capitalisation Hits N99.9 Trillion
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Nigeria's NGX All-Share Index rose 0.57% to 156,492.40 points on January 2, the first 2026 trading day, lifting market capitalisation to N99.9 trillion ahead of new tax laws. The benchmark added 879 points in post-holiday trade after 2025's global-topping 51.19% surge from 102,926 to 155,613 points, with cap expanding N36.6 trillion to N99.38 trillion.
Meristem Securities credits 2025 outperformance to earnings, dividends, confidence and foreign inflows, staying bullish on reforms and falling treasury yields from easing inflation (14.45% November vs 34.60% year-prior) and dovish policy. Economy grew 3.13%, 4.23% and 3.98% in Q1-Q3 2025; naira firmed to N1,448/$ from N1,538. Turnover hit N5.96 trillion yearly (N23.76B daily avg); fixed-income N51.48T, ETFs N45.55B.
NGX Group CEO Temi Popoola called 2025 among world's best, pledging regulator/tech collaboration for Africa's hub status.
