Market capitalisation gains N26.8trn in April 2026
The Nigerian Exchange posted a historic N26.8 trillion gain in market capitalization within one month, buoyed by signs of returning foreign portfolio inflows and strong domestic participation.
Capital market analysts attributed the April performance, the highest monthly gain in the history of the Exchange to improved naira stability, recapitalization clarity in banking, and extended trading hours have deepened liquidity, setting the stage for sustained momentum if fundamentals hold.
The market capitalisation gained N26.84trillion from N129.210 trillion at the beginning of the month of April to close at N155.994 trillion at the end of April 30, 2026. Similarly, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose by 20.36 per cent from 201,287.78 points to open trading in April 2026 to 242,277.81 points on April 30, 2026.
Speaking on market performance for April, the chief operating officer of InvestData Consulting Limited, Mr. Ambrose Omordion stated that market records its first highest monthly gain in its history.
“This achievement is particularly noteworthy as the earnings from both foreign and local companies are exceeding expectations. In the context of ongoing global challenges, including the crisis in the Middle East, the Nigerian market stands out as one of the best-performing markets both globally and in Africa, yielding attractive returns for investors,” he said.
He noted that the potential across the globe positions Nigeria’s market favorably in relation to the economic recovery underway in the country, saying that government policies form the foundation of this recovery, influencing market pricing and reflecting the shifts we are observing economically.
According to Omordion, this development serves as an eye-opener, as local companies on the Nigerian Exchange are rewarding shareholders generously, supporting the rising prices and demonstrating the market’s ability to generate wealth for both seasoned and new investors.
“Additionally, the current market environment presents a valuable opportunity for companies to raise funds. In a thriving market, it easier for businesses to obtain capital, which in turn boosts employment and drives economic growth. The Nigerian stock market is playing a pivotal role in supporting this economic development, showing alignment with international standards.”
Omordion added that the Nigerian stock market is well-positioned to support the economy and create wealth for its investors, offering an encouraging outlook for the future.
The managing director and CEO of ECL Asset Management Limited, Mr. Charles Fakrogha said that since the beginning of January, there has been a noticeable improvement on the Nigerian equities market.
He emphasized, “the significance of ongoing reforms, particularly structural reforms that have been reshaping the market landscape. For instance, the transition from a T+3 settlement cycle to a T+2, and now discussions are already underway regarding the potential implementation of a T+1 cycle. This shift indicates a move towards faster trade settlements, which may enhance liquidity and investor confidence.”
In addition to the changes in settlement periods, Fakrogha pointed out that the performances of various listed companies have contributed positively to the market sentiment, saying that the returns these companies are generating and reporting to investors play a crucial role in encouraging further investment.
Alongside these factors, he noted that some economic reforms introduced by the government are also fueling optimism and stability within the market.
He stated confidently that the market is sustainable, citing that for any market, price fluctuations are a natural occurrence, prices tend to rise and fall.
Fakrogha mentioned that the first quarter (Q1) results have been released and are indicative of strong performances, adding that investors appear to be strategically positioning themselves to benefit from upcoming dividends while considering their overall investment strategies and policies.
