The Nigerian Exchange delivered a strong start to 2026, gaining 6.27% in January as the All-Share Index rose by 9,757.4 points to close at 165,370.4.
This performance is a big step up from January 2025, when the index gained just 1.53%, showing stronger early-year momentum as market value climbed to N106.1 trillion.
Beyond price gains, trading activity improved, with over 15 billion shares exchanged versus 12 billion in January 2025, reflecting stronger investor participation.
The rally was driven by standout individual stocks, with the top 10 names posting gains of over 80%, highlighting the breadth of the market’s advance.
During the first three trading weeks of January, the market pushed the index above 166,000 for the first time ever, before a mild pullback in the final two weeks trimmed some gains.
Still, despite the late-month decline, returns among the top-performing stocks remained exceptional. Here are the top 10 stocks.
Multiverse Mining & Exploration Plc placed seventh, delivering a strong 111.61% gain to investors in January 2026.
The share price opened the year at N13.35 and advanced to N28.25 by the final trading session, with more than 11 million shares exchanged during the month.
Market activity was concentrated in the first three trading weeks of January, with the second week emerging as the standout period after the stock jumped by 59.73%.
The performance appears to reflect steady improvements in the company’s fundamentals.
For the year ended December 2025, Multiverse recorded revenue of N985.6 million, up from N948.4 million, alongside a pre-tax profit of N569.3 million.
Balance sheet strength also improved, as retained earnings increased to N1.16 billion from N619.4 million, forming a large share of total shareholders’ equity of N1.7 billion.
The analysis above is quite impressive and mind blowing increase in the stock market industry.