Across 28 trading days, a cluster of stocks on the Nigerian Stock Exchange (NGX) recorded significant price appreciation, with the top performer gaining 350% and the tenth-ranked stock rising more than 50%.
The rally cut across sectors, including insurance, fertiliser, mortgage banking, infrastructure, logistics and financial services. Here’s a breakdown of the best-performing Nigerian stocks that moved the market in February 2026, with verified rankings from TrustBanc Financial Group.
1. FTG Insurance PLC (FTGINSURE)
FTG Insurance opened in February at ₦0.20 and closed at ₦0.90, a 350% gain that put it at the top of the month’s best performers by a wide margin.
FTG Insurance operates in Nigeria’s insurance sector, providing life and non-life insurance products to individuals and businesses.
- February opening price: ₦0.20
- February closing price: ₦0.90
- Month-to-date increase: 350.00%
- ₦100k in February = ₦450,000 at month-end
- Capital gain: ₦350,000
2. Notore Chemical Industries PLC (ZICHIS)
Notore Chemical opened at ₦4.19 and surged to ₦17.36 by month-end, a 314.32% return that made it the second-biggest mover in February.
Notore Chemicals produces fertilisers and industrial chemicals, serving Nigeria’s agricultural sector.
- February opening price: ₦4.19
- February closing price: ₦17.36
- Month-to-date increase: 314.32%
- ₦100k in February = ₦414,320 at month-end
- Capital gain: ₦314,320
3. Infinity Trust Mortgage Bank PLC (INFINITY)
Infinity Trust Mortgage Bank’s stock price recorded a 111.11% gain in February, rising from ₦9.00 to ₦19.00.
Infinity Trust Mortgage Bank provides mortgage financing and real estate-backed lending solutions to individuals and businesses across Nigeria.
- February opening price: ₦9.00
- February closing price: ₦19.00
- Month-to-date increase: 111.11%
- ₦100k in February = ₦211,111 at month-end
- Capital gain: ₦111,111
4. Union Dicon Salt PLC (UNIONDICON)
Union Dicon Salt climbed from ₦8.75 to ₦16.60 in February, delivering an 89.71% return for investors who held the stock through the month.
Union Dicon Salt produces, processes, and distributes salt and related industrial minerals across Nigeria.
- February opening price: ₦8.75
- February closing price: ₦16.60
- Month-to-date increase: 89.71%
- ₦100k in February = ₦189,714 at month-end
- Capital gain: ₦89,714
5. RT Briscoe Nigeria PLC (RTBRISCOE)
RT Briscoe moved from ₦7.86 to ₦12.51 in February, posting a 59.16% gain and securing a place in this month’s top five.
RT Briscoe operates in automotive sales, fleet management, and industrial equipment leasing.
- February opening price: ₦7.86
- February closing price: ₦12.51
- Month-to-date increase: 59.16%
- ₦100k in February = ₦159,160 at month-end
- Capital gain: ₦59,160
6. Julius Berger Nigeria PLC (JBERGER)
Julius Berger opened at ₦182.00 and closed at ₦288.00 in February, recording a 58.24% gain, a strong showing from one of the NGX’s more established names.
Julius Berger is one of Nigeria’s leading construction and infrastructure companies, with a long track record of delivering major road, bridge, and building projects.
- February opening price: ₦182.00
- February closing price: ₦288.00
- Month-to-date increase: 58.24%
- ₦100k in February = ₦158,242 at month-end
- Capital gain: ₦58,242
7. JP Gold PLC (JPAULGOLD) (JPAULGOLD)
JPAULGOLD rose from ₦2.44 to ₦3.86 during the month, a 58.20% increase that placed it just a fraction behind Julius Berger in the performance rankings.
JPAULGOLD trades precious metals and distributes investment-grade gold products to retail and institutional markets in Nigeria.
- February opening price: ₦2.44
- February closing price: ₦3.86
- Month-to-date increase: 58.20%
- ₦100k in February = ₦158,197 at month-end
- Capital gain: ₦58,197
8. Jaiz Bank PLC (JAIZBANK)
Jaiz Bank gained 57.88% in February, rising from ₦8.00 to ₦12.63, and continued to draw investor interest in the non-interest banking segment, making it one of the best-performing Nigerian stocks in February.
Jaiz Bank is Nigeria’s first fully non-interest bank, offering Shariah-compliant financial products and services to retail and corporate customers.
- February opening price: ₦8.00
- February closing price: ₦12.63
- Month-to-date increase: 57.88%
- ₦100k in February = ₦157,875 at month-end
- Capital gain: ₦57,875
9. Custodian Investment PLC (CUSTODIAN)
Custodian Investment closed February at ₦68.00, up from an opening of ₦44.00, a 54.55% gain across the month.
Custodian Investment is a financial services holding company with subsidiaries spanning life insurance, general insurance, and pension fund management.
- February opening price: ₦44.00
- February closing price: ₦68.00
- Month-to-date increase: 54.55%
- ₦100k in February = ₦154,545 at month-end
- Capital gain: ₦54,545
10. Red Star Express PLC (REDSTAREX)
Red Star Express rounded out the top 10 with a 53.61% gain, rising from ₦20.80 to ₦31.95 by the end of the month.
Red Star Express provides logistics, courier, and haulage services across Nigeria and West Africa.
- February opening price: ₦20.80
- February closing price: ₦31.95
- Month-to-date increase: 53.61%
- ₦100k in February = ₦153,606 at month-end
- Capital gain: ₦53,606
Bottom Line
These 10 stocks delivered significant returns in just 28 days, rewarding investors who stayed alert and moved decisively. Whether this momentum carries into March remains to be seen, but for now, these stocks have set the bar for February 2026.
