Stock market investors recorded a massive gain of N17.5 trillion in the month of February 2026, as sustained bullish sentiments drove equities to new highs and reinforced confidence in Nigeria’s capital market.

Market capitalisation of the Nigerian Exchange Limited (NGX) rose by N17.6 trillion or 16.5 per cent from
N106.2 trillion was posted at the end of transactions on January 30 to N123.7 trillion on Friday.

The all-share index appreciated by 27456.38 points or 16.6 per cent to192,826.78.

The performance marked one of the strongest monthly gains in recent times, further extending the market’s upward trajectory in 2026.

The improved performance reflects strong price appreciation across major sectors, including banking, consumer goods, industrials and energy.

According to the experts, the rally was underpinned by renewed foreign portfolio interest and rebalancing at the start of the year, anticipation of 2025 full-year corporate results and improved investor sentiment.

A look at companies that have released their 2025 full-year results showed that most of the firms achieved a strong turnaround during the financial year.

For instance, MTN Nigeria Communications Plc in its audited 2025 financial results posted a strong turnaround from a pre-tax loss of N550.3 billion in 2024 to N1.7 trillion in 2025.

In the fourth quarter, pre-tax profit rose to N569.6 billion, up 248.8 per cent from N163.3 billion in Q4 2024.

Also, Lafarge Africa Plc reported N1.1 trillion in revenue for 2025, a 53 per cent surge from N696.8 billion in 2024, alongside a 173 per cent increase in profit after tax (PAS) to N273 billion.
Operating profit more than doubled to N392 billion, while earnings per share rose from N6.22 to N17.

In addition, Seplat Energy Plc posted revenue of $2.726 billion, a 144.2 per cent increase from $1.116 billion in 2024, driven by a full-year contribution from its offshore assets.

The company declared a fourth quarter 2025 dividend of 8.3 cents per share, comprising a five-cent base dividend and a 3.3 cent special dividend, representing an 11 per cent increase quarter-on-quarter and a 20 per cent rise year-on-year.

Trading data showed heightened activity throughout the month, with investors taking strategic positions in fundamentally sound and dividend-paying stocks.