Nigeria Stock Market Tops 136 Trillion Naira

Nigeria's stock market extended its bullish streak on Thursday, April 16, 2026, as investors pocketed gains of 1.663 trillion naira, pushing the total market capitalization above 136 trillion naira for the first time in recent sessions. The All-Share Index climbed 2,583.61 points, or 1.23 percent, to close at 211,901.02, marking the fourth consecutive day of advances following strong performances earlier in the week.

The surge built on momentum from prior trading days. On Wednesday, the market added 2.281 trillion naira, with the index rising 1.69 percent to 209,317.41 and market capitalization reaching 134.773 trillion naira. Tuesday's session contributed an additional 884 billion naira in gains, lifting the index 0.67 percent to 205,831.38 and capitalization to 132.492 trillion naira. Year-to-date returns now stand at 36.17 percent, reflecting sustained investor confidence amid broader economic reforms.

Sector performance highlighted gains in banking and energy stocks, which drove much of Thursday's rally. TransNationwide Express and Guinea Insurance led advancers, each rising 10 percent to close at 5.50 naira and 1.21 naira per share, respectively. Aradel Holdings followed...