The Nigerian Exchange extended its rally on May 12, 2026, with the All-Share Index gaining 0.77% to settle at 252,411.7 points. This surge was bolstered by strong investor activity, which saw total trading volume expand to 2.02 billion units.

Consequently, the market capitalization advanced to N161.6 trillion across 80,888 deals. Nigerian Breweries Plc was among the leading stocks, experiencing a significant jump of over 9%.

In terms of trading activity, CWG PLC emerged as the most actively traded stock, with 432.8 million shares exchanged. UNITED BANK FOR AFRICA PLC (UBA) followed with 407 million units, and C&I Leasing recorded 152.1 million units.

UBA also topped the value chart, reaching N16.7 billion in turnover. ACCESS HOLDINGS PLC also posted notable trading activity with 114.7 million shares traded.

In a separate development, Nigerian Breweries Plc and Nestlé Nigeria Plc have released their 2025 audited results, indicating impressive recoveries. Both companies have returned to profitability after facing challenges in 2023 and 2024 due to Naira devaluation and rising borrowing costs.

Nigerian Breweries reported a profit after tax of N99 billion in 2025, a significant turnaround from a N145 billion loss in 2024. This recovery was attributed to improved financial performance after substantial FX losses and increased finance costs in prior years.