Nigeria Leads Africa in Stock Market Returns, Up 75.5% in Nine Months, Enters Q4 With Strong Momentum
•NGX market capitalisation rises N63.73trn in nine months to N163.11trn •Naira appreciation boosts dollar returns •Investors eye year-end rally Kayode Tokede Nigeria’s stock market has emerged as Africa’s best-performing equities
Nigeria's stock market has emerged as Africa's best-performing equities market in dollar terms in the first nine months of 2026, with a 75.5 per cent year-to-date return. The Nigerian Exchange (NGX) has outperformed other African markets, including the Zimbabwe Stock Exchange (ZSE) and the Dar es Salaam Stock Exchange, and is poised to continue its strong momentum into the final quarter of the year.
The market's impressive performance can be attributed to improving macroeconomic conditions, ongoing economic reforms, stronger oil prices, improved foreign exchange liquidity, and renewed investor confidence.
Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
