Top Nigerian Stocks in May 2026: Learn Africa Leads Investors’ Attention with Strong Rally
Learn Africa Plc emerged as one of the best-performing Nigerian stocks in May 2026, delivering a remarkable 37.10% return and securing a place among the top gainers on the Nigerian Exchange (NGX). The impressive performance came despite a slowdown in the broader market’s pace of growth, highlighting strong investor appetite for select mid-cap and small-cap stocks.
The Nigerian stock market maintained its positive momentum throughout May, with the NGX All-Share Index advancing by 3.35%. Although this represented the slowest monthly gain recorded in 2026 compared to April’s 20.36% surge, the market still achieved a major milestone by crossing the 250,000-point mark for the first time. The index closed the month at 250,385.7 points, pushing total market capitalization to N160.5 trillion.
Investor participation remained robust during the month, as more than 18 billion shares exchanged hands across the market. The sustained buying interest extended the Nigerian Exchange’s winning streak to five consecutive months, reinforcing confidence in the country’s equities market despite lingering economic uncertainties.
Among the standout performers, Learn Africa attracted significant attention from investors after recording strong trading volumes exceeding 26 million shares. The educational publishing company opened the month at N9.30 and steadily climbed throughout May, breaking key resistance levels before reaching a peak of N12.90. Despite a slight pullback in the final week, the stock closed at N12.75, bringing its year-to-date gain close to 95%.
The company’s strong market performance was supported by improving financial results and insider confidence. On May 19, Chairman Chief Emeke Iwerebon acquired more than 1.14 million shares worth approximately N12.4 million, a move that likely boosted investor sentiment. For the financial year ended March 2026, Learn Africa reported a pretax profit of N1.16 billion, up significantly from N748.2 million in the previous year, while revenue climbed to N6.1 billion, reflecting the company’s continued growth trajectory.
source: nairametrics