Nigeria’s equities market extended its bullish run on Tuesday, September 22, 2026, adding N297.21 billion to investors’ wealthThe NGX All-Share Index climbed 0.18% to close at 250,614.66 points, with the market’s year-to-date return hitting 61.05%The CBN reset its Monetary Policy Rate from 26.5% to 23%, citing a disconnect between the MPR and actual market ratesPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.Nigeria’s stock market recorded another day of gains on Tuesday, September 22, 2026, as buying interest across major stocks pushed investors’ wealth up by N297.21 billion on the Nigerian Exchange.The NGX All-Share Index closed at 250,614.66 points, up from 250,156.80 points at the end of the previous session, a rise of 0.18%. Nigerian investors gained N297.21 billion on Tuesday as sustained buying interest pushed the equities market higher. Photo: Freepick Source: Getty ImagesThe gain lifted the market’s year-to-date return to 61.05%, reflecting the continued momentum of Nigerian equities through 2026.PAY ATTENTION: From breaking news to viral moments.
Follow Legit.ng on Instagram!Stocks that drove Tuesday’s rallySeveral large and mid-cap stocks fuelled the day’s positive performance. Cadbury Nigeria topped the gainers with an 8.29% rise, followed by Stanbic IBTC Holdings at 7.09%. UBA climbed 4.07%, while Custodian Investment, Zenith Bank and GTCO added 2.71%, 2.64% and 2.54%, respectively.Other notable gainers included HBMNG, First HoldCo, Dangote Cement, PZ Cussons Nigeria, NGX Group, Oando, NEM Insurance, Access Holdings, Nigerian Breweries and Wema Bank. Sovereign Trust Insurance was the best-performing stock of the session, while Multiverse Mining and Exploration posted the sharpest decline.Market breadth favoured buyers, with 36 stocks advancing against 26 that fell.
Regency Alliance Insurance hit a new 52-week low of N0.70, and Legend Internet also dipped below its previous 52-week low before closing at N3.40.Trading activity rose sharply during the session. Total volume climbed 45.82% to 837.26 million units across 52,126 deals, with total value reaching N48.57 billion. Fidelity Bank led by volume, with 165.43 million shares traded, making up 19.76% of the day’s total. Zenith Bank dominated by value, recording N13.73 billion, or 28.27% of the session’s total traded value.Investors exchanged shares worth N48.57 billion in 52,126 deals.
Photo: Asatt Source: Getty ImagesCBN explains MPR cut to 23%Earlier, Legit.ng reported that the market gains coincided with the Central Bank of Nigeria explaining why its Monetary Policy Committee cut the Monetary Policy Rate from 26.5% to 23% at its 307th meeting in Abuja.The CBN said the old rate had drifted away from the interest rates actually being applied across financial markets, with the Standing Deposit Facility rate effectively replacing the MPR as the benchmark banks used to price transactions. This gap, the apex bank said, was weakening the ability of monetary policy decisions to reach the real sector of the economy.The CBN described the 350-basis-point reduction not as conventional easing but as an “operational realignment” intended to restore the MPR as the effective signal for interest rates across the economy. Alongside the reset, the MPC recalibrated the Standing Facilities Corridor to +50/-300 basis points around the new rate, while leaving the Cash Reserve Requirement unchanged. Source: Legit.ng Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng.
He is a financial journalist with over a decade of experience in print and online media. He also holds a Master’s degree from the University of Lagos. Fellow, MTN Pan African Media Innovation(2026), Member of the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria.
Email: dave.ibemere@corp.legit.ng. Access BankZenith Bank Zimbabwe Jared leto Elizabeth rizzini Darah trang Unsent project alternatives
