The Nigerian equities market delivered an outstanding performance in February 2026, advancing 16.60% to close at a record 192,826.8 points and firmly crossing the 190,000 milestone.
The rally was fueled not just by price gains but also by strong trading in the month, with total volume surging past 21 billion shares, above January’s 15 billion.
Meanwhile, the market’s value climbed further, with capitalisation rising to N123.7 trillion as of the last trading day of the month, up from N106.1 trillion recorded at the close of January 2026.
With this performance, the market extended its winning streak to three consecutive positive months since November 2025, when it recorded a 6.88% decline.
This represents the strongest monthly advance since January 2024’s remarkable 35.28% surge, fueled by impressive performances across several listed stocks that lifted the index to its new high.
Here are the top 10 performers.
Fortis Global Insurance returned 370.00% to investors in February 2026, ranking as the top-performing Nigerian stock for the month.
Trading activity was strong, with the stock moving from N0.20 to N0.94 on over 464 million shares exchanged, marking its highest performance to date.
- The company closed each of the four trading weeks in positive territory, approaching the N1.00 mark in the final week, which crossed in early March 2026.
Fortis reported gross written premiums rising to N461 million in 2025 from N413.6 million in 2024. However, it recorded a pretax loss of N1.68 billion.
Despite this, the stock has gained 465% year-to-date as of mid-day trading on 3 March 2026.
