January 2026 delivered a powerful start to the year for Nigerian equities, with several stocks delivering notable returns in just 31 days. From tech infrastructure to consumer goods, this month’s top gainers spanned sectors, significantly rewarding investors who moved early.
Here’s a breakdown of the top 10 stocks that moved the market in January 2026, with verified rankings from TrustBanc Financial Group.
1. Deapcap PLC (DEAPCAP)
Deapcap opened in January at ₦1.90 and closed at ₦9.30 — a 389% surge that left even seasoned traders checking their screens twice.
What it does: Deapcap operates in investment and asset management, focusing on capital market services.
- January opening price: ₦1.90
- January closing price: ₦9.30
- Month-to-date increase: 389.47%
- ₦100k in January = ₦489,474 at month-end
- Capital gain: ₦389,474
2. SCOA Nigeria PLC (SCOA)
SCOA opened the month at ₦7.10 and closed at ₦31.60, delivering a 345% return.
What it does: SCOA is a diversified conglomerate with interests in automotive assembly, lubricants, and industrial equipment distribution.
- January opening price: ₦7.10
- January closing price: ₦31.60
- Month-to-date increase: 345.07%
- ₦100k in January = ₦445,070 at month-end
- Capital gain: ₦345,070
3. NCR Nigeria PLC (NCR)
NCR kicked off strongly in 2026 and didn’t slow down. From ₦72.70 in early January to ₦199.00 by month-end, the stock posted a 173.73% gain.
What it does: NCR provides IT infrastructure and payment solutions to banks and enterprises across Nigeria.
- January opening price: ₦72.70
- January closing price: ₦199.00
- Month-to-date increase: 173.73%
- ₦100k in January = ₦273,730 at month-end
- Capital gain: ₦173,730
4. Omatek Ventures PLC (OMATEK)
Omatek surged from ₦1.13 to ₦3.00 in January, delivering a 165.49% return.
What it does: Omatek specialises in the assembly and distribution of computers, IT accessories, and educational technology solutions.
- January opening price: ₦1.13
- January closing price: ₦3.00
- Month-to-date increase: 165.49%
- ₦100k in January = ₦265,487 at month-end
- Capital gain: ₦165,487
5. Red Star Express PLC (REDSTAREK)
Red Star Express opened at ₦8.70 and closed at ₦20.80, posting a 139.08% gain.
What it does: Red Star Express provides logistics, courier, and haulage services across Nigeria and West Africa.
- January opening price: ₦8.70
- January closing price: ₦20.80
- Month-to-date increase: 139.08%
- ₦100k in January = ₦239,080 at month-end
- Capital gain: ₦139,080
6. RT Briscoe Nigeria PLC (RTBRISCOE)
RT Briscoe climbed from ₦3.50 to ₦7.86 in January, a 124.57% increase that’d return ₦224,571 on a ₦100,000 investment.
What it does: RT Briscoe operates in automotive sales, fleet management, and industrial equipment leasing.
- January opening price: ₦3.50
- January closing price: ₦7.86
- Month-to-date increase: 124.57%
- ₦100k in January = ₦224,571 at month-end
- Capital gain: ₦124,571
7. Multiverse Mining and Exploration PLC (MULTIVERSE)
Multiverse started January at ₦13.35 and ended at ₦28.25, delivering a 111.61% return.
What it does: Multiverse is involved in mining, mineral exploration, and trading of solid minerals across Nigeria.
- January opening price: ₦13.35
- January closing price: ₦28.25
- Month-to-date increase: 111.61%
- ₦100k in January = ₦211,610 at month-end
- Capital gain: ₦111,610
8. Notore Chemical Industries PLC (ZICHIS)
Notore Chemical (trading as ZICHIS) rose from ₦1.99 to ₦4.19 in January, recording a 110.55% gain at the end of the month.
What it does: Notore Chemical produces fertilisers and industrial chemicals, serving Nigeria’s agricultural sector.
- January opening price: ₦1.99
- January closing price: ₦4.19
- Month-to-date increase: 110.55%
- ₦100k in January = ₦210,553 at month-end
- Capital gain: ₦110,553
9. McNichols PLC (MCNICHOLS)
McNichols’ share price climbed from ₦3.27 to ₦6.35 in January, a 94.19% increase.
What it does: McNichols operates in consumer goods manufacturing, focusing on hygiene and personal care products.
- January opening price: ₦3.27
- January closing price: ₦6.35
- Month-to-date increase: 94.19%
- ₦100k in January = ₦194,190 at month-end
- Capital gain: ₦94,190
10. Morison Industries PLC (MORISON)
Rounding out the top 10, Morison Industries rose from ₦5.15 to ₦9.99, delivering a 93.98% return.
What it does: Morison manufactures household and industrial plastic products, including containers, furniture, and packaging materials.
- January opening price: ₦5.15
- January closing price: ₦9.99
- Month-to-date increase: 93.98%
- ₦100k in January = ₦193,981 at month-end
- Capital gain: ₦93,981
Bottom Line
These 10 stocks delivered significant returns in just 31 days, rewarding those who stayed alert, moved decisively, and understood that risk and reward often travel together. Whether this momentum carries into February remains to be seen, but for now, these 10 stocks have set the bar for 2026.
