Nigerian stocks hit record high, market cap near N163tn
The Nigerian Exchange extended its rally to fresh records, with outlets citing slightly different market cap and gains figures for the same session.
What happened
Nigeria's equities market hit a fresh record high, extending a recent winning run.123
Market capitalisation was reported at approximately N163.06 trillion to N163.7 trillion, depending on the outlet.13
The All-Share Index reached 251,191.02 points.3
Trading on September 24, 2026 was described as strongly bullish, with investors exchanging 978.21 million shares and market cap gaining N622 billion that day.2
BusinessDay attributed the rally partly to strong gains in the oil and gas sector.1
Key points
Where accounts differ
Each account is attributed to who makes it. We do not judge between them.
What the coverage leaves out
- None of the outlets reviewed reported reactions from regulators, analysts on sustainability of the rally, or comparisons to other African markets.
Why it matters
The Nigerian Exchange's record run reflects continued investor activity in equities, with sector-specific gains such as oil and gas cited as a driver.1
Sources (3)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.
Africa
- 1BusinessDayNGPrivate
- 2NairametricsNGPrivate
Nigerian equities extend bull run as market cap gains N622 billion
- 3PunchNGPrivate