Lagos — Nigeria’s equity market is set for further gains, continuing Monday’s momentum, with the NGX All Share Index breaking above the key 106,000 mark to close at 106,124 points, advancing 0.35%.
Sectoral performance was broadly positive, led by Health Technology, which rose 4.8%. Consumer non-durables followed with a gain of 3.78%, while Transportation and Technology Services advanced 2.97% and 2.68%, respectively. On the downside, Energy Minerals declined 3.55% and Commercial Services fell 1.53%.
Among major constituents, BUA Foods, Dangote Cement, and MTN Nigeria Communications ended the session unchanged, while Guaranty Trust Holding climbed 6.35% and International Breweries gained 10%. Conversely, Aradel Holdings recorded a notable decline of 9.86%.
The sustained optimism in the market reflects renewed government efforts to stimulate economic growth via investment-friendly initiatives. Minister of Trade and Investment, Dr. Jumoke Oduwole, outlined a strategic roadmap focused on removing bureaucratic barriers, strengthening the growth of Micro, Small, and Medium Enterprises (MSMEs), and attracting both domestic and foreign investment.
Emphasizing Nigeria’s expanding role in global trade, Dr. Oduwole stressed the importance of strategic collaborations, export diversification, and leadership in digital trade under the African Continental Free Trade Area (AfCFTA). These initiatives are promoting a more resilient and adaptable economic environment, encouraging increased market participation.
In addition, the strong performance of Nigeria’s non-oil exports continues to reinforce market strength. Non-oil exports increased 24.75% year-on-year in Q1 2025, driven largely by cocoa beans, which contributed 45.02% of total non-oil exports.
The Nigerian Export Promotion Council’s efforts to diversify exports and build capacity align closely with the broader government agenda. This momentum, coupled with rising intra-Af.
*Daniel Wesonga, Senior Sales Manager at Pepperstone
