Lagos, Nigeria – Nigeria’s All-Share Index soared past 200,000 points for the first time on Monday, March 16, 2026, closing at 201,474.9 after a 3,067.6-point gain. BUA Cement led the rally in West Africa’s biggest market. The 1.55 percent jump came from Friday’s 198,407.3 level.
Trading volume climbed to 948.1 million shares from 590.8 million last time. This shows fresh investor interest on the Nigerian Exchange. Market cap hit 129.3 trillion naira, up 3 trillion naira.
Okay News reports the milestone caps steady gains. Year-to-date returns topped 27.50 percent from earlier weeks. Heavyweights like BUA Cement fueled the surge after strong weekly shows.
The index first topped 198,000 last week on industrial gains. Momentum built through large-cap buying. Foreign and local funds chased growth amid oil price boosts.
Nigeria’s exchange draws eyes as equities shine. Oil surges from Iran tensions aid energy stocks. Investors bet on economic rebound and firm profits.
This record signals confidence in reforms and recovery. Watch for pullbacks amid global risks. Trading stays key for wealth building in Nigeria.
