Stocks add N103.9 billion as banking, insurance shares lift NGX

The Nigerian stock market closed higher on Wednesday, October 14, 2026, adding N103.90 billion in market capitalisation as the All-Share Index edged up 0.065%.

Gains in oil and gas, banking and insurance counters drove the session, even though overall trading activity slowed.

Index and market value

The NGX All-Share Index rose from 247,513.63 points to 247,673.65 points. Market capitalisation climbed from N160.71 trillion to N160.81 trillion.

Trading volume dropped 20.11% to 314.90 million shares, down from 394.16 million shares in the previous session. The number of deals fell 20.02% to 30,922 from 38,660.

Top gainers

Austin Laz & Company rose from N2.20 to N2.42, up N0.22 or 10.00%. eTranzact International advanced from N14.35 to N15.75, adding N1.40 or 9.76%.

Livestock Feeds gained N1.50 to close at N16.95 from N15.45, a 9.71% rise. Critical Minerals Financing Corp moved from N3.23 to N3.54, up N0.31 or 9.60%, while Fortis Global Insurance added N0.15 to close at N1.75 from N1.60, up 9.38%.

Decliners

UPDC Real Estate Investment Trust posted the biggest drop, falling from N26.10 to N23.50, a loss of N2.60 or 9.96%. UPDC Plc shed N0.25 to close at N3.90 from N4.15, down 6.02%.

Regency Alliance Insurance fell from N0.82 to N0.78, losing N0.04 or 4.88%. Veritas Kapital Assurance dropped from N1.12 to N1.08, down N0.04 or 3.57%. R. T. Briscoe (Nigeria) declined from N9.55 to N9.25, shedding N0.30 or 3.14%.

Trading leaders

Access Holdings led by volume with 99.37 million shares exchanged. Zenith Bank followed with 17.77 million shares traded.

The gain was modest and came on thinner volume, meaning a handful of counters did most of the work rather than broad buying across the market.

SEC warns on WayvePay

The Securities and Exchange Commission has disowned online investment platform WayvePay, warning Nigerians against investing through the company over concerns about its unregistered operations. WayvePay, described as the digital banking platform of Wayve Microfinance Bank, announced that it was making the Dangote Petroleum Refinery and Petrochemicals initial public offering accessible to customers. The warning was contained in a public notice dated Friday, October 9, 2026, signed by the commission's management and published on its official website.