Figures cited by Premium Times show that the Nigerian Exchange (NGX) experienced a massive bullish run on Friday, with the market capitalization increasing by N1.7 trillion. The 1.38% surge in the All-Share Index reflects a renewed investor confidence following the government’s announcement of a transition toward a $1 trillion GDP target by 2036.
The rally was largely driven by heavy interest in the banking and industrial sectors, as institutional investors repositioned their portfolios.
Market analysts suggest that the clarity provided by the recently signed 2026 Electoral Act and the commencement of new federal tax laws have reduced political risk perceptions, encouraging both local and foreign participation.
Validating this market movement, The Guardian reported that blue-chip stocks led the gainers’ chart, noting, “The bulls have firmly taken control of the trading floor as macroeconomic pressures begin to ease.”
Additionally, Channels TV provided live data analysis of the surge, quoting a market analyst who said, “This N1.7 trillion gain is a clear signal that the market is pricing in the long-term benefits of the current fiscal reforms.”
Echotitbits take:
This surge is a classic “relief rally.” Investors are cheering the shift from painful stabilization measures to growth-oriented policies. However, the sustainability of this run will depend on whether the corporate earnings for Q1 2026 can justify these higher valuations. Watch for the performance of MTNN and Tier-1 banks in the next week.
Source: Premium Times – https://www.premiumtimesng.com/business/business-news/858122-nigerian-equities-market-extends-gains-by-1-38-investors-gain-n1-7trn.html, February 20, 2026
Photo credit: Premium Times
