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Nigeria's Stock Market Surges N9.34trn in Week of Heavy Buying
Photo: Businessday NG
2026-07-11 03:15   Business   10

Nigeria's Stock Market Surges N9.34trn in Week of Heavy Buying

The Nigerian equities market had a major rebound this week, adding over N9.34 trillion to investor portfolios.The market cap of the Nigerian Exchange Limited (NGX) jumped from N147.103 trillion to N156.444 trillion, driven by strong institutional demand for key stocks.This surge came after a period of market lulls, with investors showing renewed confidence in the country's financial sector.The buying spree highlights the resilience of Nigeria's stock market, despite global economic uncertainties.Analysts note that the increase is partly due to improved corporate earnings and positive macroeconomic indicators.However, experts caution that sustained growth will depend on policy consistency and foreign investment inflows.

The week's performance marks a significant milestone for Nigeria's financial markets, signaling a potential shift in investor sentiment towards the country's assets.

Full reading at Businessday NG

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