Nigerian Stock Market Surges 16.57% in July, Best Month of 2025

Nigerian equities posted their strongest 2025 monthly gain in July, fueled by surging investor activity and sector-wide rallies.


||NGX All-Share Index: Rose from 119,980.4 to 139,863.5, up 16.57%
||Market cap: Gained N12.6 trillion, reaching N88.4 trillion
||Shares traded: 22 billion, up from 13.8 billion in June
||Year-to-date return: 35.9%

Sector Highlights
Industrial Goods
Top performer: +34.28%
Leaders: Tripple Gee (+88.4%), Lafarge (+70.9%), BUA Cement (+41.5%)

Banking
Gain: +25.78%, highest trading volume at 6.48 billion shares
Top banks: Wema (+47.2%), UBA (+40.2%), Zenith (+34.3%)

Insurance
Gain: +17.74%
Leaders: Sovereign Trust (+41%), NEM (+34%), AIICO (+33.5%)

Consumer Goods
Gain: +11.14%
Top movers: Cadbury (+63.9%), Dangote Sugar (+53.6%), Unilever (+40.2%)

Oil & Gas
Lagged behind: Only +1.72%
Oando: Best in sector with +16.3%

Momentum remains bullish heading into August, with key stocks driving broad-based gains across the NGX.

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