{
  "id": 17396033,
  "title": "Rising Investor Confidence Lifts Stock Market to N165trn, Adds N65.7trn in 10 Months",
  "url": "https://urgent.news/2026/10/31/rising-investor-confidence-lifts-stock-market-to-n165trn-adds-n65",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T11:57:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/31/rising-investor-confidence-lifts-stock-market-to-n165trn-adds-n65-7trn-in-10-months/"
  },
  "original_language": "en",
  "account": "In the first ten months of 2026, Nigeria's stock market experienced significant growth, driven by improved economic conditions, heightened investor confidence, and robust corporate earnings. The market capitalization surged to N165 trillion, a 66.15% increase from the opening value of N99.376 trillion. This marked the first time the market had reached such a high level. The NGX All-Share Index also demonstrated substantial growth, increasing by 63.42% year-to-date (YtD), from 155,613.03 to 254,299.49 basis points. Among the indices, the NGX Oil/Gas Index led with a 127.9% YtD gain, while the NGX Insurance Index declined by 13.6% YtD. Key contributors to the market's performance included Airtel Africa Plc, Dangote Cement Plc, and MTN Nigeria Communications Plc, which together accounted for approximately 39.7% of the overall market value. The Nigerian economy, in 2026, has maintained relative stability in the foreign exchange market, with reduced inflation and improved liquidity in the financial sector, as evidenced by the Central Bank of Nigeria's (CBN) reduction of the Monetary Policy Rate (MPR) to 23%. The return of Nigeria to Frontier Market status in September 2026 further boosted investor interest.",
  "summary": "Kayode Tokede Riding on improved macroeconomic conditions, stronger investor confidence and impressive corporate earnings, the Nigerian stock market added N65.74 trillion in value in the first 10 months of 2026,",
  "key_points": [
    "Nigeria's stock market grew to N165 trillion in 10 months",
    "NGX All-Share Index rose 63.42% year-to-date",
    "Airtel Africa, Dangote Cement, MTN contributed to growth"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}