The Nigerian Exchange closed March 2026 with a 4.39% gain, extending its rally to four straight months of growth. Market capitalisation stood at N129.2 trillion by the end of the month, reflecting sustained investor confidence. This performance contributed to a 29.35% return for the first quarter of 2026, positioning Nigerian stocks among the top regional performers. The gains follow a broader trend of increased foreign inflows and improved sentiment toward emerging markets. Nairametrics reported the figures based on data from the exchange.
\nA 29.35% return in one quarter is eye-catching, but it builds from a deeply depressed base after years of market erosion. For ordinary Nigerians, the N129.2 trillion valuation means little without corresponding gains in jobs, wages or economic stability. The real test is whether this momentum holds beyond investor circles and translates into tangible economic resilience.
