Figures cited by Vanguard show Nigeria’s stock market capitalisation crossed the ₦100 trillion mark in early-year trading, supported by broad-based buying interest and gains in several consumer and healthcare counters.
The outlet links the rally to renewed investor confidence and a seasonal ‘January effect’, while also noting that policy credibility and transparency remain critical to sustaining inflows.
For investors, the milestone is symbolic and practical: higher valuations can ease capital raising, but also raise the bar for earnings performance and corporate governance.
Attention now turns to whether the momentum holds beyond the first weeks, especially amid interest-rate competition from fixed income instruments.
Echotitbits take: The big watch item is rotation—do gains spread to banks/industrials or remain narrow? Also watch liquidity: a rally without depth can reverse fast.
Source: Vanguard – https://www.vanguardngr.com/2026/01/stock-market-crosses-n100trn-mark-on-strong-early-year-deals/ 11 January 2026
Vanguard 2026-01-11
Photo Credit: Vanguard