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.
Japaul Gold took 7th place, appreciating 58.20% to close at N3.86, with over 1.3 billion shares traded during the month.
- Although it ended only two weeks in the green, a sharp 60% jump in the third week accounted for most of the gains.
- That rally saw the stock break N3.50 resistance and briefly touch N4.02 before easing slightly in the final week.
Buy momentum intensified after Japaul Gold announced pilot plant test runs in Niger State, targeting 18,000–20,000 grams monthly when full operations commence in May 2026.
On a year-to-date basis, the stock has gained over 68% as of mid-trading on 3 March 2026.
