Latest Highlights: Nigerian Stock Exchange News (February 27, 2026)
The Nigerian Stock Exchange (NGX) has captured investor attention with a week of dynamic trading, strategic corporate moves, and impactful regulatory changes. As of February 27, 2026, the NGX All-Share Index posted a 3.84% gain, with market capitalization soaring to NGN 124.8 trillion. This surge is underpinned by strong sectoral performances, new joint ventures, and the Central Bank of Nigeria’s (CBN) decisive policies to stabilize the naira and boost market confidence.Table: Key NGX Metrics & Developments (Feb 21–28, 2026)
| Metric/Development | Details & Performance |
|---|---|
| NGX All-Share Index Weekly Gain | +3.84% |
| Market Capitalization | NGN 124.8 trillion |
| Trading Volume (weekly) | 4.6 billion shares |
| Top Gainers | Julius Berger (+14.10%), Jaiz Bank, Chams, Access |
| Major Corporate News | Reliance Consumer–TGI Group JV |
| CBN FX Policy | Naira at N1,390/, FX reserves at \48.5 billion |
| Oil Sector Update | NNPC to export new Cawthorne crude grade |
| Institutional Investors | Goldman Sachs, BofA Securities active in NGX |
NGX Market Performance: Leading Africa in 2026
- Year-to-Date Return: The NGX All-Share Index has delivered a 34.39% return in US dollar terms, making Nigeria the top-performing African stock market.
- Trading Activity: Financial services and ICT stocks led the charge, with 4.6 billion shares traded in the week and financial sector stocks dominating both volume and value.
- Market Capitalization: The NGX reached a peak of nearly NGN 126 trillion, reflecting robust investor confidence and liquidity.
Top Performing Stocks & Sectors
Financial Services & ICT Dominate
- Julius Berger (JBERGER): N274.10 (+14.10%)
- Jaiz Bank: Led weekly gains
- Chams & Access Bank: Strong showings in ICT and banking
- Universal Insurance: Insurance sector momentum
Sector Insights
- Financial Services: Continued to attract both local and foreign institutional investors.
- ICT: Benefited from Nigeria’s digital transformation and fintech adoption.
- Industrial & Consumer Goods: Mixed performance, with infrastructure stocks like Julius Berger outperforming.
Major Corporate & Regulatory Developments
Strategic Joint Ventures
- Reliance Consumer Products and TGI Group announced a new joint venture, set to expand product offerings and market reach in Nigeria.
Institutional Investment
- Major share acquisitions by Goldman Sachs India Equity Portfolio and BofA Securities Europe SA signal growing international confidence in Nigerian equities.
CBN Policy Actions
- New FX Guidelines: The CBN’s updated rules for Bureau De Change operators helped the naira appreciate to N1,390 per dollar.
- FX Reserves: Nigeria’s reserves hit $48.5 billion, the highest in nearly 13 years, boosting market stability and investor sentiment.
Oil Sector & Macroeconomic Updates
- NNPC’s New Crude Export: The Nigerian National Petroleum Corporation will begin exporting a new light, sweet crude grade (Cawthorne) in March, expected to boost oil output and foreign exchange earnings.
- Naira Stability: Despite some volatility in the parallel market, official rates remained stable, supporting overall market confidence.
Market Volatility & Risk Factors
- Short-Term Losses: Investors saw losses of N515 billion over two negative sessions, but the market rebounded quickly.
- Profit-Taking: Healthy profit-taking in banking and industrial stocks contributed to intermittent declines, reflecting mature market dynamics.
Investment Outlook: Opportunities & Risks
Positive Catalysts
- Regulatory Support: CBN’s proactive FX policies
- Strong Fundamentals: Record-high foreign reserves
- Corporate Growth: Strategic partnerships and expansions
- Sectoral Diversification: Balanced performance across sectors
Risks to Monitor
- Currency Volatility: Especially in parallel markets
- Profit-Taking: In overvalued stocks
- Global Headwinds: Potential impact from global economic shifts
- Oil Price Fluctuations: Affecting export revenues
