Nigeria’s capital market marked a significant milestone on Monday, September 21, 2026, after FTSE Russell moved the country from Unclassified to Frontier Market status. The reclassification coincided with an eighth consecutive session of gains on the Nigerian Exchange Limited (NGX), adding N228 billion to investors’ wealth.
NGX’s total market value rose from N162.157 trillion at the opening to N162.385 trillion by the close, an increase of 0.14 per cent. The All-Share Index also advanced 352.24 points, or 0.14 per cent, ending at 250,156.80 compared with Friday’s 249,804.56. The market’s year-to-date return climbed to 60.76 per cent, while trading breadth remained positive, with 39 stocks gaining against 26 decliners.
Nascon Allied Industries, Sunu Assurances, Thomas Wyatt Nigeria, Critical Minerals Financing Corp and Omatek Ventures topped the gainers. Each share rose by the maximum 10 per cent, closing at N176, N3.08, N2.53, N2.24 and N1.32, respectively.
Okomu Oil recorded the steepest decline, falling 10 per cent to N1,276.20. Custodian Investment dropped 9.13 per cent to N68.15, while Sovereign Trust Insurance lost 8.64 per cent to finish at N2.01 per share.
Zenith Bank was the most actively traded stock, leading both volume and value. Investors exchanged 77.07 million of its shares in transactions worth N9.90 billion, accounting for 13.42 per cent of total market volume and 26.01 per cent of aggregate trading value.
