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.
In 8th position, Jaiz Bank gained 57.88% in February, rising from N8 to N12.63 on strong trading activity, with over 482 million shares changing hands.
- The first week was relatively quiet, but momentum accelerated sharply in the third week as volume crossed 100 million shares.
- That surge drove the stock past N11 before it sustained gains into the final week to close at N12.63.
Strong financials likely drove investor sentiment, as unaudited FY2025 results showed pretax profit rising 28.43% to N31.3 billion, supported by N52 billion in investment income, largely from sukuk instruments.
From financing activities, the bank generated N45.9 billion, up 43.31%, led by murabaha at N33.4 billion and ijara transactions at N10.3 billion.
Year-to-date, Jaiz Bank stock is up more than 166% as of 3 March 2026.
