Nigerian Equities Market Rebounds, Recovers N2.4tn After November’s Record N6.5tn Crash

The Nigerian equities market has bounced back strongly in the first trading week of December, reclaiming N2.436 trillion in market value just days after recording one of its steepest monthly declines in history.

The recovery was driven largely by an exceptional performance on Friday, when the market surged by N996.840 billion the highest single-day gain of the week. The sharp rebound signals renewed investor confidence following the panic-driven sell-offs that wiped out N6.5 trillion in November.

Data from the Nigerian Exchange (NGX) shows that the market capitalization rose from N91.286 trillion as at November 28 to N93.722 trillion at the close of trading on Friday, December 5, representing a 2.7% weekly increase.

Analysts attribute the recovery to bargain hunting by institutional and retail investors who seized opportunities created by undervalued stocks after November’s downturn. Improved sentiment around fiscal and monetary direction for December also contributed to the uptick.

Market observers say the strong finish to the week could set the tone for a more stable December, though they warn that volatility may persist as investors continue to react to macroeconomic signals, inflation data, and policy expectations heading into 2026.