Lagos, July 18, 2025 — The Nigerian stock market witnessed a major rally on Thursday, with the market capitalisation crossing the N82 trillion threshold for the first time, buoyed by significant gains in heavyweight equities, led by Dangote Cement Plc, BUA Cement Plc, and 28 other companies.
According to data from the Nigerian Exchange Limited (NGX), the market capitalisation surged by over N1.2 trillion in a single session, reflecting strong investor confidence and sustained bullish sentiment across major sectors, especially in the industrial goods and banking segments.
Dangote Cement Plc was at the forefront of the rally, posting notable gains that significantly influenced the All-Share Index (ASI), given its large market weight. BUA Cement Plc followed closely, also recording substantial upward movement in its share price, further boosting market momentum.
Market analysts attributed the bullish performance to renewed investor interest in blue-chip stocks, strategic portfolio repositioning, and anticipation of strong corporate earnings for the second quarter of 2025.
“The rally is a combination of positive investor sentiment, favorable macroeconomic indicators, and impressive performance expectations from listed companies. Cement giants like Dangote and BUA are naturally attracting institutional investors,” said Kayode Tokede, a capital market analyst.
With this new milestone, the ASI now stands comfortably above the 130,000-point mark, reinforcing the Nigerian stock market’s status as one of the top-performing exchanges in Africa in 2025.
Market observers continue to watch for profit-taking activities or possible corrections in the coming sessions, while commending the resilience and depth of the equities market.
