Best performing Nigerian stocks for the week ended September 25, 2026

In the week ending September 25, 2026, Nigeria's equities market continued its upward trend, with the benchmark NGX All-Share Index (ASI) rising 2,308.85 basis points to close at 252,113.41 points. This marked a 0.92% increase from the previous week's closing at 249,804.56 points and pushed the year-to-date return to +62.01%. The market's performance was driven by strong buying interest in oil & gas and banking stocks, with key players such as Seplat Energy, Dangote Cement, HBMNG, GTCO, and Zenith Bank contributing to the rally.

Notably, Critical Minerals Financing Corp Plc experienced an impressive surge of 59.80% during the week, closing at N3.26 from N2.04, while Haldane McCall Plc was the top loser, declining by 16.67%. Despite this volatility, the ASI finished the week marginally lower by 0.01%, trimming N23.77 billion from market capitalisation.

Trading activity saw a significant uptick, with total turnover rising to 4.689 billion shares valued at N240.824 billion across 261,198 deals, a 45.0% increase from the previous week. The top three equities by volume were Fidelity Bank, Fortis Global Insurance, and Zenith Bank, which accounted for 43.08% of the total volume and 22.45% of the total value.

Sector-wise, Oil & Gas remained the strongest performer, followed by other indices that largely finished higher, except for NGX Insurance, NGX Lotus II, and NGX Sovereign Bond, which recorded slight declines. Neimeth International Pharmaceuticals listed an additional 610,443,515 ordinary shares during the week, while Advans La Fayette Microfinance Bank issued Commercial Paper totaling N20 billion.

Analysts anticipate a gradual improvement in investor risk appetite as the Central Bank of Nigeria's recent 350-basis-point rate cut supports further downward pricing of market yields. The focus will remain on inflation, exchange-rate stability, and portfolio repositioning ahead of the 9M-26 earnings season.