Sep 28, 2026 · 9 min · 10 segments
In this episode of *Markets Talk*, we review a contrasting week across the BRVM and NGX. Nigerian equities extended their rally as the NGX All-Share Index reached new highs, while the BRVM declined…
Market capitalization also increased by 0.92% to 163.655 trillion naira.
That is a significant move, and it shows that investor appetite for Nigerian equities remains strong.
Several sectors contributed to the rally.
Oil and gas continued to lead, while banking stocks also recorded solid gains.
while the banking index gained 2.36%.
Trading activity also accelerated.
Investors traded about 4.689 billion shares worth 240.824 billion naira during the week.
Trading volume increased by 45% compared with the previous week.
Financial services dominated activity, accounting for more than 75% of total shares traded.
Why does that matter? Banks and financial companies are often among the first sectors investors look at when interest rates and monetary policy begin to change.
And that brings us to one of the biggest developments of the week.
This was a major reduction.
Lower interest rates can eventually reduce financing costs for companies and households.
They can also reduce yields available on some fixed-income investments.
When that happens, some investors may shift more money toward equities in search of higher returns.
Critical Minerals Financing Corp was the standout performer, rising 59.80% to close at 3.26 Naira.
UPDC advanced 24.19% to 3.85 Naira.
Omatech Ventures rose 23.33% to 1.48 Naira.
Market capitalization also increased by 0.92% to 163.655 trillion naira.
That is a significant move, and it shows that investor appetite for Nigerian equities remains strong.
Several sectors contributed to the rally.
Oil and gas continued to lead, while banking stocks also recorded solid gains.
while the banking index gained 2.36%.
Trading activity also accelerated.
Investors traded about 4.689 billion shares worth 240.824 billion naira during the week.
Trading volume increased by 45% compared with the previous week.
Financial services dominated activity, accounting for more than 75% of total shares traded.
Why does that matter? Banks and financial companies are often among the first sectors investors look at when interest rates and monetary policy begin to change.
And that brings us to one of the biggest developments of the week.
This was a major reduction.
Lower interest rates can eventually reduce financing costs for companies and households.
They can also reduce yields available on some fixed-income investments.
When that happens, some investors may shift more money toward equities in search of higher returns.
Critical Minerals Financing Corp was the standout performer, rising 59.80% to close at 3.26 Naira.
UPDC advanced 24.19% to 3.85 Naira.
Omatech Ventures rose 23.33% to 1.48 Naira.
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