Nigeria’s equities market delivered a blockbuster April, with investors gaining a massive ₦26.2 trillion as bullish momentum swept through the market.
Market capitalisation jumped from ₦129.8 trillion to ₦155.9 trillion up over 20%—while the All-Share Index surged to 242,277 points, reflecting strong investor confidence.
Analysts say the rally was powered by rising global oil prices, solid corporate earnings, and attractive dividend payouts—especially from banking and oil stocks.
According to market expert David Adonri, April stood out as a “fantastic month,” with banking stocks leading the charge as earnings season wrapped up.
Heavyweights like Seplat Energy, Dangote Cement, MTN Nigeria, and Zenith Bank posted strong gains, boosting overall market performance.
Investors traded over 15.5 billion shares worth nearly ₦849 billion during the month, showing intense market activity.
Experts also point to increased liquidity from bank recapitalisation and improved forex stability as key drivers—but warn that insecurity and pre-election tensions could slow the rally.
Still, with oil prices holding firm and investor sentiment high, the market may not be done climbing just yet.
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