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.
Infinity Trust Mortgage Bank returned 111.11% to investors in February 2026, becoming one of three Nigerian stocks to surpass 100% gains that month.
The stock rose from N9.00 to N19.00 on over 5.9 million units traded, marking its strongest performance since December 2023, when it surged 347.8%.
- Price action was flat in the first week but picked up 10% in the second week, before a 59% jump in the third week pushed the stock past N15 for the first time ever.
Momentum continued into the final week, closing at N19, following the company’s announcement of a 35 kobo dividend and a one-for-one bonus share issue, after strong earnings.
Year-to-date, the stock is up over 171.4% as of 3 March 2026.
