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.
Custodian delivered a 54.55% gain in February to occupy 9th place, jumping from N44 to a historic high of N68, with over 128 million shares exchanged.
- A powerful first-week rally of 25% lifted the stock to N55 before temporary weakness in the second week slowed momentum.
- By the third week, it surged past N70 before closing the final week slightly lower at N68 following mild profit-taking.
Strong full-year numbers likely reinforced confidence, with unaudited pretax profit rising 25% to N75.96 billion and investment income reaching N113.9 billion.
The stock is up over 53% year-to-date as of midtrading on 3 March 2026.
