The ranking marks a remarkable turnaround for a market that only a year ago was struggling with currency volatility and weak foreign investor confidence.

The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost over N2.4 trillion to price declines.

The ranking marks a remarkable turnaround for a market that only a year ago was struggling with currency volatility and weak foreign investor confidence.

The market capitalisation rose by N653 billion, or 0.45 per cent, to N147.217 trillion from N146.564 trillion recorded on Monday.