Over 40 Companies Raise N2.45 Trillion from Stock Market in Nine Months

Over 40 companies raised N2.45 trillion from the Nigerian capital market between January and September 2026, according to data on corporate listings on the Nigerian Exchange Limited. The capital-raising surge, covering public offers, private placements and supplementary listings, underscores the NGX's growing importance as a source of long-term financing for businesses seeking alternatives to expensive bank loans. The NGX All-Share Index gained 61.43 per cent year-to-date as of September 2026 to 251,211.67 basis points, making Nigeria one of Africa's best-performing exchanges, with Dangote Sugar Refinery among the companies that raised N485.88 billion through a rights issue.

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