₦11.98tn Flows Through NGX in Seven Months as Nigeria’s Stock Market Draws Bigger Bets

Trading activity on the Nigerian Exchange (NGX) has accelerated sharply in 2026, with total transactions reaching ₦11.98 trillion in the first seven months of the year, nearly double the level recorded over the comparable period in 2025.

The latest figures show that July was particularly active, with NGX transactions rising 38.17% month-on-month to ₦2.37 trillion, compared with ₦1.71 trillion in June. The increase comes despite the market entering a period of correction after its strong first-half rally.

The surge in turnover points to continued investor participation even as share prices have become more volatile. Earlier in the year, strong buying in banking and other large-cap stocks helped drive the market higher, with First HoldCo among the major contributors to trading activity.

For investors, the increase in turnover is important because it indicates that the recent market correction is occurring alongside substantial trading activity rather than a complete withdrawal of investors. However, high turnover does not necessarily mean prices will rise, as heavy selling can also generate significant transaction values.

Investors should watch whether August trading maintains the elevated activity seen in July and whether renewed buying emerges in large-cap banking, industrial and consumer stocks as the market searches for a floor.