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.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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