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.
R T Briscoe Plc was the 5th top gainer in February 2026, returning 59.16% to investors on the Nigerian Exchange.
The stock opened at N7.86 and rose to N12.51, with over 90 million shares changing hands, continuing its strong run after a 124.57% gain in January.
- The rally started in the first week, jumping over 60.7% to break N12 for the first time.
- It climbed further in the third week to N17.40, before a 20.8% drop in the third week brought it down to N13.80, a level it lost in the final week.
Strong financials likely fueled investor confidence: the automobile company posted N40.41 billion in sales for 2025, up from N28.63 billion in 2024, while pretax profit jumped to N3.08 billion from N1.02 billion the prior year
Year-to-date, the stock has surged over 245% as of mid-trading on 3 March 2026
