Nigerian Exchange rally adds trillions to investor wealth

The Nigerian Exchange (NGX) posted a series of strong sessions in July 2026. On July 7 the All‑Share Index rose 1.24 % to 237,083, lifting market capitalisation by N1.86 trillion to N152.14 trillion and adding the same amount to investor wealth. Two days later the index jumped 2.27 % to 242,460, expanding capitalisation by another N3.45 trillion to N155.59 trillion. Gains were led by blue‑chip names such as Cadbury Nigeria, Dangote Cement, Airtel Africa, Aradel Holdings and Fidelity Bank, with sectoral advances across industrial goods, banking, telecoms and oil & gas. Over the first half of 2026 the NGX’s total market capitalisation grew by N51.6 trillion, reaching N201.3 trillion, driven primarily by equities (73 % of the total). The market’s momentum coincides with an earnings season in July, when at least 18 major listed companies—including MTN Nigeria, Zenith Bank, Nigerian Breweries and Unilever—will file half‑year or second‑quarter results. Analysts expect the rally to continue if corporate earnings remain strong and macro‑economic conditions stay stable.