Nigeria's stock market is likely to enter a more challenging second half (H1) after delivering stronger-than-expected gains in the first six months of 2026, with analysts warning that sustaining the rally will depend less on reform optimism and more on corporate earnings, inflation and monetary policy. The Nigerian Exchange (NGX) has gained more than 51 percent so far this year, surpassing the 45 percent full-year return projected by Arthur Steven Asset Management at the start of 2026, leaving limited room for further upside unless economic
Nigeria's stock market is likely to enter a more challenging second half (H1) after delivering stronger-than-expected gains in the first six months of 2026, with analysts warning that sustaining the rally will depend less on reform optimism and more on corporate earnings, inflation and monetary policy. The Nigerian Exchange (NGX) has gained more than 51 percent so far this year, surpassing the 45 percent full-year return projected by Arthur Steven Asset Management at the start of 2026, leaving limited room for further upside unless economic