Nigeria’s equities market posted strong gains in September, with investors earning about ₦1.81 trillion as confidence improved following monetary reforms by the Central Bank. The cut in the Monetary Policy Rate from 27.5% to 27% spurred portfolio shifts from fixed income to equities.
Figures from the Nigerian Exchange show market capitalisation rose to ₦90.58 trillion, up from ₦88.77 trillion in August, while the All-Share Index advanced 1.7% to close at 142,710.48 points. The rise was supported by renewed interest in large-cap stocks, with gains recorded in ARADEL, Fidelity Bank, Transcorp, and Nigerian Breweries.
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Analysts noted the market rebound was shaped by profit-taking, corporate earnings expectations, and sector-specific optimism. While sentiment remains positive, experts cautioned that inflation, exchange rate pressures, and global market trends will continue to dictate the pace of recovery in coming months.
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