The Nigerian Exchange (NGX) has delivered a 47.4% return for the first half of 2026, securing its position as the second-best performing stock market in Africa.
Investors on the Lagos exchange realized gains of N1.76 trillion, driven by sustained buying interest across key sectors including banking and telecommunications.
This performance underscores a significant shift in global capital flows toward Nigerian equities.
The market's momentum has been robust enough to surpass South Korea in dollar-denominated returns, marking a notable achievement for an emerging market often viewed through the lens of currency volatility and macroeconomic headwinds.
The rally reflects growing investor confidence in the local equity landscape despite broader regional uncertainties.
Recent trading sessions have highlighted the breadth of this recovery.