*Market capitalisation climbs to N158.33trn on FX stability, strong corporate earnings
*MTN Nigeria grows revenue by 26% to N2.99trn in H1
Kayode Tokede
The Nigerian stock market appreciated by N58.97 trillion in the first seven months of 2026 as investors’ confidence continued to drive prices of listed equities on the Nigerian Exchange Limited (NGX).This comes as MTN Nigeria Communications Plc revealed that it recorded revenue of N2.99 trillion in the first half (H1) of 2026, up by 25.9 per cent year-on-year from the N2.38 trillion reported in the first half (H1) of 2025.
For the NGX, as at the close of trading activities yesterday, the market capitalisation of listed stocks closed for trading at N158.326 trillion, representing an increase of N58.9 trillion or 59.32 per cent, compared with the N99.376 trillion it closed for trading in 2025.Of the N158.326 trillion market capitalisation, Airtel Africa Plc and seven other blue chip stocks controlled 63.98 per cent or N101.29 trillion of the Nigerian stock market. The market capitalisation of Airtel Africa closed at N21 trillion, followed by MTN Nigeria Communications Plc with market capitalisation of N17.57 trillion.Dangote Cement Plc came third with market capitalisation of N17.45 trillion and BUA Foods Plc, N15.21 trillion market capitalization as of July 31, 2026.
