The Nigerian stock market in January 2026 saw a significant rally, with the market capitalization rising by ₦6.8 trillion to close the month at ₦106.15 trillion.
This bullish start to the year resulted in a Year-to-Date (YTD) return of 6.27% for the All-Share Index (ASI).
The top 10 best-performing stocks for January 2026, ranked by their percentage price appreciation, are dominated by agricultural, financial, and industrial services.
While individual stocks saw massive surges, the broader market rally was led by the Oil and Gas Index (+13.8%) and the Insurance Index (+11.8%).
The Banking sector followed with a 6.99% gain, driven largely by Buy sentiments for Tier-1 banks like Zenith Bank and GTCO, as investors positioned themselves ahead of the 2025 full-year earnings reports.
1. Zichis Agro Allied Industries Plc
~59.92%
2. SCOA Nigeria Plc
~59.73%
3. Multiverse Mining & Exploration Plc
~59.73%
4.McNichols Plc
~53.20%
5. May & Baker Nigeria Plc
~51.58%
6. Omatek Ventures Plc
~49.25%
7. NCR (Nigeria) Plc
~46.36%
8. Aluminium Extrusion Industries Plc
~45.57%
9. Deap Capital Management & Trust
~43.54%
10. Neimeth Int’l Pharmaceuticals Plc
~43.22%