The Nigerian stock market added N622 billion to investors' wealth during the week, with market capitalisation rising by 0.39% to close at N157.057 trillion, despite a 0.14% decline in the All-Share Index.
First HoldCo has surpassed Zenith Bank and GTCO to become Nigeria's most capitalized banking stock, with a market cap of N1.2 trillion as of July 2026.
Learn the best-performing Nigerian stocks for the week ended July 17, 2026, with key gains and market insights from Nairametrics.
FirstHoldCo reported N1.93 trillion gross earnings and N653.5 billion profit before tax for H1 2026, driven by strong performance across its subsidiaries.
NGX All-Share Index fell 0.14% to 243,462.13 points, but market cap rose to N157.057 trillion. First HoldCo surged 38.66% as top gainer, while BUA Cement dropped 18.99%.
Nigerian equities fell 0.07% on Thursday as BUA Cement's decline offset First Holdco's record rally, with market cap dropping to N56.4 trillion.
The NGX All-Share Index fell 0.09% on July 16, 2026, wiping N32.16bn from investors' wealth. Despite 27 gainers vs 23 losers, profit-taking in large caps drove the decline.
The Nigerian Exchange rebounded by N719 billion on Wednesday, driven by gains in FirstHoldCo and MTN Nigeria, lifting market capitalisation to N56.7 trillion.
Nigeria's 2026 stock rally features 'zombie stocks' with soaring prices but weak businesses, including Fortis Global Insurance up 1,270% despite losses and DAAR Communications up 273% with accumulated deficits.
Nigerian stocks saw mixed performance with Dangote Cement leading gains. Discover the top gainers and losers for the week ended July 10, 2026, and market insights.
The Nigerian stock market gained N961.75 billion on Thursday, extending its bullish run as First HoldCo led trading with 1.26 billion shares worth N85.61 billion.
The Nigerian stock market rose by N1.865 trillion on Tuesday, driven by gains in industrial, insurance, oil & gas, consumer goods, and banking stocks, with the All-Share Index climbing to 237,083.28 points.
Nigerian stocks declined 1.2% for the third consecutive week, with the Banking Index plunging 10.5%, as the T+1 settlement cycle and new prefunding rules deter foreign investors.
Nigerian equities ended last week in the red as investors booked gains, pushing the All-Share Index down by 1.21% to 229,240.34 points, with market cap falling to N147.103tn.
The Nigerian stock market closed bullish on Friday, adding N3.156 trillion to investors' wealth, driven by renewed interest in banking, telecoms, and oil stocks.
The naira appreciated by N7.27 against the US dollar in the official FX market, closing at N1,372.41/$1, as Nigeria's external reserves hit $51.46 billion.
The Nigerian Exchange ended the week lower with the All-Share Index declining 1.65% and market capitalisation falling to N148.91 trillion, as bearish sentiment prevailed.
The Nigerian Exchange extended its losing streak on Thursday, with the All-Share Index falling 0.64% and market cap dropping by N958.5 billion, driven by sell-offs in Aradel Holdings, Oando, and banking stocks.
The Nigerian stock market fell 2.35% on Wednesday, erasing N3.637 trillion in value, driven by profit-taking in major stocks like BUA Cement, Dangote Cement, and Geregu Power.
The Nigerian Exchange rose 0.97% on Monday, June 22, driven by bargain hunting in banking stocks led by First Holdco, GTCO, and Zenith Bank, pushing the banking sector up 4.84%.
The Nigerian Exchange closed lower in the third week of June 2026, with the All-Share Index falling 3.59% and market cap shedding N5.64 trillion. Financial services dominated trading. Cornerstone Insurance and Academy Press led gainers.
The Nigerian Exchange closed higher with a 0.88% gain, pushing market capitalisation to N156.97 trillion. Financial services led trading, while 40 stocks gained and 53 declined.
Nigerian equities market rally continues with N1.38 trillion gain, ASI up 0.88%, and year-to-date return at 57.27% amid strong buying interest.
SpaceX listed on NASDAQ on June 12, 2026, raising $75 billion in the largest IPO ever. The company is valued at $1.77 trillion, making it the seventh most valuable US firm.
The Nigerian Exchange (NGX) rose 0.53% on Tuesday, driven by strong buying in Airtel Africa, First Holdco, and other blue-chip stocks, offsetting sector losses.
The Nigerian equities market opened the week with a 0.33% gain, adding N234.7 billion to investors' wealth, driven by renewed buying interest in large and mid-cap stocks.
Nigerian stocks fell 3.1% last week amid sell pressure in oil & gas and industrial goods. Analysts expect bargain hunting but caution profit-taking may persist.
Elon Musk could become the world's first trillionaire as SpaceX's IPO, valued at $1.77 trillion, nears. The spaceflight company seeks to raise $75 billion, potentially boosting Musk's net worth above $1 trillion.
The Nigerian Exchange declined 0.35% as banking, consumer goods, and insurance stocks led losses, with 35 stocks falling and market activity weakening significantly.
Nigerian capital market sees N60 trillion gain in five months, driven by strong earnings and liquidity. Analysts warn of possible correction amid rising political risks.