Equity
Nigerian Exchange Surges 4% in March, Extends Six-Quarter Rally
The Nigerian Exchange (NGX) ended March 2026 on a high note, rising 4.39% to close at 201,287.8 points, surpassing the 200,000 mark for the first time and marking the fourth consecutive month of gains. Total market value reached N129.2 trillion.
The All-Share Index recorded a quarterly return of 29.35%, with trading volume exceeding 52 billion shares, sustaining a six-quarter growth streak since Q3 2024.
Read Also:
- Nigeria gas output hits 7.5bcf/d, targets 12bcf/d by 2030
- NUPRC Shortlists Bidders for Nigeria’s Oil Licensing Round
The Industrial Goods sector led the gains, rising 19.98% with over 498 million shares traded. BUA Cement surged 49.18%, Lafarge Africa increased 9.95%, and Dangote Cement climbed 3.98%. The Oil and Gas sector followed, gaining 7.99%, supported by Aradel (+16.24%), Conoil (+20.95%), and Oando (+19.62%).
However, the Insurance sector fell 9.45%, while Banking and Consumer Goods edged lower by 1.66% and 0.24%, respectively.
On the index front, the NGX 30 Index outperformed with a 4.83% gain, while the NGX Main Board rose 6.48%. Strong performance from major industrial stocks like BUA Cement and Lafarge Africa helped support overall market gains.
This robust performance underscores continued investor confidence, with year-to-date gains of 29.35% and positive quarterly returns maintained since late 2024.
-
Stellantis Recalls 700,000 Hybrid Vehicles Over Fire Risk
Automaker Stellantis has announced a global recall of about 700,000 hybrid vehicles due to a defect that could trigger engine fires. The affected vehicles span multiple brands under the group, including Peugeot, Citroën, Fiat, Alfa Romeo, and Jeep. The recall was disclosed by Germany’s vehicle regulator, Kraftfahrt-Bundesamt, which stated that the issue affects hybrid vehicles…
-
CBN Launches AML Pilot for Flutterwave, Paystack, Others
The Central Bank of Nigeria has introduced a pilot supervisory programme focused on strengthening anti-money laundering and financial crime controls among selected virtual asset service providers, including Flutterwave and Paystack. In a statement, the apex bank said the initiative targets Anti-Money Laundering, Counter-Financing of Terrorism, and Counter-Proliferation Financing frameworks within the fast-growing digital payments and…
-
Nigerian Exchange Surges 4% in March, Extends Six-Quarter Rally
The Nigerian Exchange (NGX) ended March 2026 on a high note, rising 4.39% to close at 201,287.8 points, surpassing the 200,000 mark for the first time and marking the fourth consecutive month of gains. Total market value reached N129.2 trillion. The All-Share Index recorded a quarterly return of 29.35%, with trading volume exceeding 52 billion…
