NGX All Share Index Surges 6.16% to 117 Trillion Naira Market Cap

Nigeria's stock market capitalization surged past 117 trillion Naira, marking the best week for the national economy this year. The NGX All Share Index rose 6.16% in seven days, achieving what other markets may take a year to accomplish. The naira also strengthened to its strongest official level in nearly three years, supported by renewed foreign investor participation and attractive interest rate differentials. Corporate highlights include Tantalizers' fresh investment and business shift, DEAP Capital's minerals financing expansion, Okomu Oil's ₦87.3 billion profit, May & Baker's improved earnings, and Skyway Aviation's performance boost. Despite the optimism, host Ugodre cautions investors against speculative penny stocks without proper research, emphasizing the need for careful analysis and professional guidance.

SOURCE: https://nairametrics.com/2026/02/17/how-the-ngx-pulled-off-one-of-its-biggest-surges-in-years/