…All-Share Index rises to near three-week high of 244,199.4 points as of August 31
Nigeria has reclaimed its position as Africa’s best-performing stock market, overtaking Zimbabwe as renewed investor interest and the country’s impending return to the FTSE Frontier Market universe boost equities.
Data from African Markets, a real-time market intelligence platform, showed that the Nigerian Exchange Limited (NGX) returned 69.5 percent in US dollar terms year-to-date as of August 31, 2026, the highest among the 17 African exchanges tracked.
Africa’s most populous nation had led the continent’s stock-market performance rankings for most of the first seven months of the year, supported by strong banking-sector gains, naira stability and improving macroeconomic sentiment, before Zimbabwe overtook it in the final week of July.
Zimbabwe followed Nigeria with a 67.4 percent return, while Ghana ranked third at 59.8 percent.
