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.
Zichis Agro Allied Industries jumped into the 2nd position, returning 314.32% to investors in February 2026, following its January 20 listing on the Nigerian Exchange.
Company shares moved from N4.19 to N17.36 on over 52 million units traded before the stock was suspended on February 20 pending an NGX review.
- Trading occurred over three active weeks, with the third week recording the highest weekly gain of 60.74% before suspension.
The company entered the market with nine-month revenue of N464.1 million, up 122%, which grew to full-year revenue of N675.62 million, while pretax profit increased 420.77% to N364.21 million.
As of 3 March 2026, the stock was up over 850% year-to-date.
