Figures cited by **Tribune** (via BusinessDay) show that Nigeria’s stock market has crossed the monumental N150 trillion market capitalization threshold for the first time in history. This record-breaking performance follows the most successful quarter ever for the Nigerian Exchange (NGX), which saw transactions rise to N4.14 trillion in the first three months of the year.
The “bull run” is being driven by strong earnings from major telcos and banks, with MTN Nigeria reportedly more than doubling its profit to N355.5 billion. Investors are also piling into Nigerian Eurobonds as yields fall, signaling renewed confidence in the country’s long-term fiscal trajectory despite inflationary pressures.
**ThisDay** described the achievement as a “historic peak” for the markets, while **The Punch** noted that “investors pile into Nigerian Eurobonds” as part of a wider trend of capital mobilization within the African AI and industrial economy.
**Echotitbits take:** Crossing N150 trillion is a psychological win for the administration’s reforms, but the high valuation is heavily concentrated in a few large-cap stocks. Retail investors should remain cautious, as market liquidity needs to broaden beyond the “big five” to ensure a sustainable rally.
Source: BusinessDay – https://businessday.ng/pro/article/nigeria-crosses-n150trn-stock-valuation-as-bull-run-continues/, April 30, 2026
Photo credit: BusinessDay
