By Peter Egwuatu 
The Nigerian stock market, last weekend, closed the first month of the year, 2026, with over N6.7 trillion capital gains, just as oil prices witnessed a surge last week to about  $71.01 per barrel.
Analysts noted that the surge in crude price last week, if sustained, would be favourable to Nigeria, adding that sustained crude strength supports fiscal revenue expectations and bolsters investor confidence in upstream and energy-linked equities, creating a positive sentiment spillover for the broader market.
The analysts did not border with the broader impact on consumers of petroleum products which would be hit with higher pump prices and eventually undermine the purchasing power of low income earners.
Meanwhile, details of the monthly stock market performance showed that the Nigerian Exchange Limited, NGX market capitalisation, which represents the total value of equities investment on the Exchange increased to N106.153 trillion at the close of trading on Friday fro
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