Nigeria’s equity market is entering a phase where broad exposure is unlikely to deliver the scale of returns seen in 2025, as experts say gains in 2026 will depend more on how investors position their capital across sectors and companies than on overall market direction.
The outlook follows a historic performance on the Nigerian Exchange (NGX) last year, driven by macroeconomic reforms, exchange-rate stabilisation, and resurgent foreign portfolio inflows.
Market participants are now shifting focus toward selectivity, balance-sheet strength, and strategic sector exposure.
