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Nigerian Exchange Gains N254bn as Banking, Insurance Stocks Soar

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Nigerian Exchange Gains N254bn

Nigerian Exchange gains N254bn as banking and insurance stocks drive market rally, lifting All-Share Index by 0.29%

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Nigerian Exchange gains N254bn in market capitalisation on Tuesday as investors continued their bullish momentum, primarily fueled by strong interest in banking and insurance stocks.

Also read: Nigerian Exchange loses N183bn as bearish sentiment hits blue-chip stocks

At the close of trading, the market capitalisation rose to ₦88.5 trillion from ₦88.25 trillion, while the All-Share Index (ASI) added 401.36 points (0.29%) to close at 139,796.11.

The rally was driven by demand in low- and medium-capitalised equities, particularly in the insurance and banking sectors, with stocks such as Regency Alliance Insurance (+10%), MeCure Industries (+9.92%), and E-Tranzact International (+9.73%) leading the gainers’ chart.

Also notable were Daar Communications (+9.57%) and Deap Capital (+9.52%).

On the flip side, Unilever Nigeria suffered the steepest loss of the day, declining by 9.79% to close at ₦63.15 per share.

Other laggards included FTN Cocoa Processors (−9.40%), Ellah Lakes (−8.76%), and Berger Paints (−6.33%).

Despite the gains, market analysts continue to flag cautious sentiment, pointing to a 30% decline in trading volume, turnover, and number of deals compared to Monday.

Trading was largely dominated by financial services stocks. Key players included:

  • FCMB Group: 202.49 million shares, ₦2.09bn
  • Universal Insurance: 63.14 million shares, ₦79.39m
  • First HoldCo: 44.23 million shares, ₦1.34bn
  • Regency Alliance Insurance: 30.98 million shares
  • AccessCorp: 26.12 million shares

In value terms, GTCO led with ₦1.50bn, followed by First HoldCo, MTNN, and AccessCorp.

All major indices closed in the green:

  • NGX Top 30 Index: +0.32%
  • NGX Insurance Index: +0.98%
  • NGX Industrial Index: +0.85%
  • NGX Banking Index: +0.43%
  • NGX Premium Index: +0.47%
  • NGX Consumer Goods Index: +0.28%

On a weekly scale, the market shows a marginal gain of 0.05%, but a four-week loss of 4.17% persists.

Year-to-date, however, the NGX ASI is up 35.82%, indicating sustained investor confidence.

Also read: Nigerian Equities Market Posts Worst Return In Africa

According to analysts, the ongoing interest in financial stocks—especially insurance—remains a powerful driver, though short-term caution is expected due to declining volume and global macroeconomic pressures.

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Economy

Governor Dauda Lawal woos investors, highlights Zamfara’s economic opportunities at CEO Forum

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Zamfara State Governor, Dauda Lawal, has called for stronger collaboration between government, businesses and investors to unlock private capital and drive inclusive economic growth in the state.

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Lawal made the call while delivering a Special Policy Address at the 2026 CEO Forum organised by the Global Compact Network Nigeria in Lagos.

The forum, held under the theme “Financing a Dignified Future: Aligning Business Action, Policy and Capital,” brought together chief executives, senior government officials, industry leaders, diplomats, trade commissioners and international development partners.

Participants were drawn from key sectors of the economy, including oil and gas, energy, manufacturing, construction and infrastructure.

The governor spoke on the growing competition among states for increasingly selective private capital and the factors that could transform an economic opportunity into an investable proposition.

He explained how his administration was working to bridge the gap between available economic opportunities and investment, with emphasis on building investor confidence while ensuring that investments deliver meaningful outcomes for the people of Zamfara.

According to him, attracting investment requires more than identifying economic opportunities, but also creating the conditions, policies and partnerships capable of giving investors confidence to commit capital.

The forum provided a platform for business leaders, government officials and investors to examine ways of aligning business strategies, public policies and capital deployment to unlock productive investment.

Discussions also focused on identifying businesses, sectors and projects with strong potential but facing difficulties in accessing financing, as well as measures to make such opportunities more attractive to investors.

The organisers also introduced the concept of the “Dignity Dividend,” examining how investment-led growth could translate into better jobs, stronger businesses, increased productivity, local value creation and broader economic participation.

Another key component of the forum was the identification of actionable commitments and partnerships that participating institutions could advance over the next six to 12 months.

Notable speakers at the event included chief executives of First Bank Group, Access Bank, Flour Mills of Nigeria Plc, Nigeria Economic Summit Group, Nigerian Exchange Group, Chellarams Plc, SecureID Group and Greenwich Merchant Bank Plc, among others.

The organisers said the session would culminate in a live showcase of the Business Value and Sustainability Platform (BVSP), described as a standing coalition of business, capital and policy actors designed to sustain the dialogue.

The platform is also expected to contribute to shaping Nigeria’s private-sector engagement during the United Nations General Assembly High-Level Week.

The governor’s participation in the forum comes as Zamfara seeks to strengthen its economic base, attract productive investment and create opportunities that can support sustainable livelihoods and wider participation in the state’s economy.

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Fuel subsidy debate: Between economic reform and political expediency

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Atiku petrol subsidy plans have reignited Nigeria’s 2027 debate as the ADC candidate promises relief while the Presidency demands clarity

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Lawal Strengthens Zamfara Judiciary With ₦600m Support

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The governor distributed official vehicles to judicial officers and said about 90 per cent of court rehabilitation projects across the state had been completed

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