Nigerian Stock Turnover Jumps as the Market Falls 1.2%
Nigeria · MARKETS Key Facts —Nigerian stock turnover: N176.058 billion, about US$129 million at N1,364.83 per dollar on 14 August 2026, up 26.6 percent. —Trading volume: 12.153 billion shares changed hands, a jump of 126.8 percent from the prior week’s 5.359 billion shares. —Transactions: 224,146 deals were recorded, down 14.4 percent from 261,869 the previous […] The post Nigerian Stock Turnover…
Nigerian stock turnover surged 26.6 percent to N176.058 billion, equivalent to US$129 million on 14 August 2026, after a 1.2 percent drop in the All-Share Index. Trading volume expanded 126.8 percent, with 12.153 billion shares exchanged in 224,146 transactions, down 14.4 percent from the prior week. Financial services shares dominated the market, accounting for 92.25 percent of volume and 50.55 percent of value.
The Central Bank of Nigeria reduced its policy rate to 26.5 percent in February 2026, following a peak of 27.50 percent in November 2024. The rate cuts were prompted by geopolitical concerns in the Middle East, potentially impacting global energy prices and Nigerian dollar inflows. Despite the downturn in the index, turnover remained strong, driven primarily by three insurance stocks, which represented 78.07 percent of shares traded.
The market's performance reflects broader regional trends as outlined in Africa: The New Scramble, with Nigeria's stock market influencing sentiment across Western Africa.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.