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Is stock market rally a brewing bubble?

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Is stock market rally a brewing bubble?

In early 2026, the Nigeria has transformed into one of the world’s most aggressive financial frontiers. Following a landmark year in 2025 where the stock market returned over 51percent, the momentum has only intensified. By mid-February 2026, the All-Share Index (ASI) shattered the 190,000-point barrier, and total market capitalisation surged past the historic N125 trillion mark.

As retail participation hits new highs, the central question remains: Is this the dawn of a new, high-growth era for Nigeria’s economy, or is the market simply infl

In early 2026, the Nigeria has transformed into one of the world’s most aggressive financial frontiers. Following a landmark year in 2025 where the stock market returned over 51percent, the momentum has only intensified. By mid-February 2026, the All-Share Index (ASI) shattered the 190,000-point barrier, and total market capitalisation surged past the historic N125 trillion mark.

As retail participation hits new highs, the central question remains: Is this the dawn of a new, high-growth era for Nigeria’s economy, or is the market simply infl

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