Business
Nigerian Stock Market Surges with 78% Transaction Growth
Nigerian Stock Market surge sees transactions jump 78% in February 2026, led by domestic investors and strong foreign inflows
Total transactions on the Nigerian Exchange Limited (NGX) surged by 78.93% to N1.54 trillion (approximately $1,131.27 million) in February 2026, up from N862 billion ($621.67 million) in January, according to a report released on Wednesday.
Also read: Nigerian Stock Market Inches Up Amid Selective Trading
Year-to-date February transactions also rose sharply by 115.4% to N2.404 trillion, compared with N1.116 trillion in the same period in 2025.
Domestic investors outperformed foreign participants, accounting for roughly 82% of total transaction value.
Institutional investors led retail investors by 22%, with institutional trades increasing 120.33% to N854.83 billion from N387.97 billion in January.
Retail transactions rose 52.42% to N548.50 billion over the same period.
Foreign portfolio inflows also strengthened, climbing 39.4% in February to N66.71 billion from N47.86 billion in February 2025.
However, foreign investment outflows increased by 9.1% to N72.32 billion from N66.28 billion in January.
On a year-to-date basis, foreign inflows expanded 162.1% to N114.57 billion compared with N43.71 billion in February 2025.
Tajudeen Olayinka, Investment Banker and Chartered Stockbroker, noted that the gains reflect growing stability in Nigeria’s foreign exchange market and continued accretion to foreign reserves.
He said the trends validate the forward-looking adjustment programme initiated by President Bola Ahmed Tinubu’s administration in 2023, which aimed to address structural macroeconomic imbalances.
“The rising foreign portfolio inflows are positive for the Nigerian economy and markets in the near term,” Olayinka added.
“However, outstanding structural issues must be addressed promptly to mitigate potential capital reversals from external shocks.”
Also read: NGX Extends Gains as Market Capitalisation Hits N113.5 Trillion
The February performance underscores the resilience of the Nigerian Stock Market surge, driven by domestic confidence and sustained foreign interest, marking a notable recovery in market activity.
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Business
Kola Karim’s Shoreline Group Signs $300 million Deal With Accor to Develop Nigeria’s First National Hotel Platform
Kola Karim’s Shoreline Group has signed a letter of intent with Accor, a world leading hospitality group to establish Nigeria’s first national hotel platform.
The signing took place during the Africa Forward Summit 2026 hosted jointly by Kenya and France in Nairobi.
This ambitious partnership is set to make a significant contribution to the evolving Nigerian hospitality landscape with a substantial investment from Shoreline of $300 million, leveraging Accor’s renowned brand portfolio and expertise.
As gathered the strategic collaboration aims to develop a hotel network across Nigeria, encompassing 10 hotels across eight cities and over 1,200 rooms by 2030.
These properties will span various segments, from midscale to luxury, catering to diverse travelers and contributing significantly to the nation’s tourism growth. The project also includes the establishment of a dedicated hospitality training Academy to nurture local talent and create approximately 1,000 direct jobs.
Mr. Sébastien Bazin, Chairman and CEO of Accor, stated: “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector. This partnership is a testament to our belief in Nigeria’s dynamic future.
“By combining Shoreline’s deep understanding of the local market with Accor’s global expertise and diverse brand portfolio, we are poised to create an unparalleled hospitality offering that will set new benchmarks for quality and service.
“Crucially, the establishment of the Accor Academy is integral to this vision, enabling us to deliver immediate talent development for the Shoreline hotel portfolio, demonstrate our long-term commitment to Nigeria through dedicated training facilities, and solidify Accor’s position as the employer and educator of choice in West Africa.”
The Agbaoye of Ibadanland and Chairman of Shoreline Group, Karim, commenting on the development said: “This partnership is central to Shoreline’s strategy of building institutional-quality infrastructure platforms across Africa.
“We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. Our choice to partner with Accor highlights our focus on operational excellence and long-term value.
“The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards. It will support our portfolio and enhance Nigeria’s hospitality workforce.
“This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure, and industrial development. We view hospitality as a natural extension: real infrastructure supporting economic activity, local capability, and national growth.”
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