LAGOS, Nigeria — The Nigerian stock market reached an unprecedented milestone on Monday, as the NGX All-Share Index (ASI) surged past the 200,000-point mark for the first time in history.
The benchmark index rose by 1.55% to close at 201,474.89 points, up from the 198,407.30 points recorded in the previous session. This historic climb was mirrored by a massive leap in market capitalization, which expanded by ₦1.97 trillion to settle at ₦129.33 trillion. The rally was fueled by aggressive investor demand and significant gains across major sectors, particularly in industrial goods and banking.
Temi Popoola, Group Managing Director and CEO of NGX Group, described the milestone as a “sign of growing confidence” in the nation’s capital market. He noted that the modernization of the exchange and increased local participation are reinforcing the market’s role as a catalyst for long-term wealth creation
The surge highlights a sustained bullish run for the Nigerian Exchange (NGX) in 2026, with year-to-date returns now climbing to 29.47%.
