The Nigerian Stock Exchange (NGX) has emerged as the best-performing equity market globally in US dollar terms for the first half of 2026, surpassing South Korea's KOSPI index.
Bloomberg data tracking 92 global stock exchanges confirms the milestone, marking a significant reversal in relative performance for the African market.
168 trillion to the total market capitalization, pushing the aggregate value of listed companies to new highs.
The surge follows a decisive rally earlier in the week, during which the benchmark index climbed 2.15%.
This sharp advance added N3.168 trillion to the total market capitalization, pushing the aggregate value of listed companies to new highs.
The momentum reflects sustained buying interest and a broader repricing of Nigerian equities amid improving macroeconomic sentiment.
This development underscores a notable shift in global capital flows, with investors increasingly allocating to African markets.