Here’re NGX super-performers in Q1’26

The Nigerian Exchange Limited (NGX) has been in the midst of a historic bull run with many top performers in the first-quarter (Q1) to March 31.

The All-Share Index (ASI) crossed the 200,000-point milestone, and the market gained roughly 29 percent, making it one of the best-performing exchanges globally in dollar terms.

The NGX isn’t just growing, it is officially one of the best-performing stock markets in the world. While many stocks are up significantly, a few super-performers have already crossed the 100 percent year-to-date (YtD) threshold or are delivering astronomical multi-year returns that have culminated in this quarter’s peak.

The triple-digit gains seen in these stocks below and other major advancers are signs of a massive bull run that has pushed the entire index into global leadership.

Zichis (+661.81%)

The newly listed Zichis Agro-Allied (Zichis) has been the “moonshot” of 2026, dominating the charts since its January listing. This stock’s +661.81 percent increase reflects a massive investor pivot toward food security and local production. The Nigerian Exchange Limited (NGX) recently lifted the suspension of trading in the shares of Zichis Agro-Allied Industries Plc.

The lifting of the suspension follows a month-long investigation by NGX Regulation Limited (NGX RegCo) into the stock’s extraordinary price movement, which saw it surge about 772.36 percent within weeks of its January listing. Trading in Zichis was suspended on February 23, 2026.

The stock, which listed on the Growth Board at N1.81 on January 20, hit N17.36 in exactly one month. The rapid appreciation had raised concerns regarding a potential liquidity trap for retail investors and prompted the regulator to freeze trading to protect market transparency. Upon resumption, the share price was adjusted to N8.58, down from its pre-suspension close of N17.36. The price drop was largely attributed to a markdown for a 1-for-1 bonus issue and a 20 kobo dividend per share. The qualification date for these benefits was March 16, 2026.

Read also: NGX rally powered by giants, leaves broader market idle

Fortis Global Insurance (+535%)

Fortis Global Insurance (FTGINSURE) has had a historic run since its suspension was lifted in early February 2026. After being frozen for over six years, the stock was released into a massive bull market, creating a perfect storm for its +535 percent (and higher), thereby making it one of classic momentum stocks this year. The current rally is largely driven by recovery expectations and regulatory compliance rather than immediate profitability.

In February 2026, shareholders approved a plan to raise fresh capital to meet the National Insurance Commission (NAICOM) requirements. The board has been authorised to explore equity, debt, and hybrid instruments (like rights issues or private placements). Investors often react bullishly to recapitalisation efforts as they suggest the company is positioning itself for a competitive comeback.

Redstar Express (+223.56%)

Red Star Express Plc (REDSTAREX) has transitioned from a steady dividend-payer to a high-growth momentum stock. The stock’s rise by 223.56 percent year-to-date (YtD) is a result of a perfect storm of high-growth financials, favourable market sentiment, and strategic logistics positioning in Nigeria. As one of the few pure-play logistics firms on the Nigerian Exchange Limited, Red Star is the primary beneficiary of the ongoing shift toward digital commerce.

SCOA (+219.01%)

The stock price of SCOA Nigeria Plc (SCOA) has seen a meteoric rise in 2026, gaining circa 219 percent year-to-date and ranking among the top performers on the Nigerian Exchange Limited (NGX). The rally is a mix of fundamental recovery, regulatory housecleaning, and intense speculative trading. The company experienced a significant rise in stock price in early 2026 with reports suggesting that the removal of a longstanding regulatory overhang and improved communication regarding court-ordered Annual General Meetings (AGM) helped investor confidence.

Deap Capital (+212.11%)

The 212 percent surge in Deap Capital Management & Trust Plc (DEAPCAP) is one of the most significant turnaround stories on the NGX in early 2026. This is not just a typical price spike; it represents a complete structural rebirth of the company. In March 2026, shareholders officially approved a radical change in the company’s business model. Deap Capital is rebranding as the Critical Minerals Financing Corporation (CMFC) Plc.

The company is moving away from general investment trust services to become Africa’s premier financier for energy-transition metals like Lithium, Cobalt, Copper, and Tin. With the global shift toward electric vehicles and renewable energy, investors are betting on Deap Capital’s new niche as a specialised mining bank that connects global capital to African mineral projects.

RT Briscoe (+206%)

R.T. Briscoe (Nigeria) Plc is another stock that has seen explosive performance on the Nigerian Exchange. The rally by 206 percent has been driven by a mix of stellar financial results and strategic speculation by investors. There has been significant buzz among investors regarding R.T. Briscoe’s partnership/license with BYD for electric vehicles, leading some to speculatively dub it Nigeria’s version of Tesla.

NCR (+173.73%)

NCR (Nigeria) Plc is also putting up massive numbers on the NGX in early 2026. As of late March, the stock has posted a year-to-date (YtD) gain of approximately +173.73 percent. NCR’s rally is part of a broader January Effect seen across the Nigerian tech and industrial sectors. As Nigeria’s financial services industry continues its aggressive digital transformation, NCR—a leader in ATM and self-service banking technology—has seen renewed investor interest in its role as a key infrastructure provider.

MC Nichols (+147.09%)

In addition to our list of high-performers on the NGX is McNichols Consolidated Plc (MCNICHOLS), which has posted a remarkable +147.09 percent year-to-date (YtD) gain as of late March 2026. Based in Ogun State, McNichols is an indigenous agro-allied company that specialises in manufacturing, packaging, and distributing everyday food products. The company offers a diverse selection of products, including Family Choco, custards, sugars, pancake mixes, milk powder, and bitter leaf tea.