The surge was driven largely by renewed strength in consumer goods stocks, pushing total market capitalisation to a record N110.23 trillion and signalling growing investor confidence in corporate earnings. While the index has returned 10.36 per cent year-to-date, the Consumer Goods Index has recorded a far stronger gain of 115 per cent YTD. The company maintained a healthy balance sheet with manageable debt levels, highlighting the broad-based nature of the consumer goods rally. With dividend season approaching, expectations are rising for strong payouts, particularly from consumer goods companies with improved earnings and cash positions. The strong recovery in earnings and improving macro environment have positioned consumer goods stocks at the centre of Nigeria’s ongoing equity rally.

Source: Nigerian Tribune February 08, 2026 17:11 UTC