FUGAZ Banks drive N237.8 billion market rebound in first week of August

FUGAZ banks rescue stock market with N237.8 billion gains first week of August.

By Handelsavisen Newsroom · Automated 8 August 2026, 09:58 UTC · 1 min read

FUGAZ Banks led a broad-based recovery in Nigerian equities during the first week of August, contributing N237.8 billion to the market's total gains.

The banking sector's performance was instrumental in reversing a period of consecutive declines, signaling a return of investor confidence to the Nigerian Exchange Group (NGX).