The Nigerian Exchange (NGX) has emerged Africa’s strongest performer in U.S. dollar terms with a 68.2 percent Year- till-Date (YtD) return in the first seven months of 2026.
The bourse performance between January and July 24, 2026 outpaced other continental stock markets helped by investors confidence on the back of reforms by the Nigerian government.
The strong performance in dollar terms highlights the impact of exchange rate dynamics and renewed foreign portfolio participation.
By comparison, Zimbabwe Stock Exchange, trails Nigeria when returns are converted into dollars, underscoring how currency movements can significantly alter relative market standings from a global investment perspective.
Zimbabwe Stock Exchange closed July 24, 2026 with 64.08 percent YtD returns , followed by Ghana Stock Exchange that closed at 56.97percent in its YtD performance as of July 24, 2026.
Credit: ThisDay
