Nigeria’s Stock Market Hits N100 Trillion on Back of Reforms and Collaboration
Nigeria’s equity market has officially crossed the N100 trillion market capitalisation mark, signaling a remarkable turnaround for the nation’s financial landscape. Analysts attribute this milestone to a series of deliberate economic reforms, strengthened market infrastructure, and close collaboration among regulators, investors, and market operators. Amid global monetary tightening and geopolitical uncertainty, Nigeria delivered one of the strongest equity market performances worldwide in 2025, with the All-Share Index posting a 51.19% return.
President Bola Ahmed Tinubu hailed the milestone as a “new economic reality,” emphasizing that it reflects renewed investor confidence and the success of his administration’s economic reforms. He highlighted Nigeria’s outperformance against global benchmarks, including the S&P 500 and FTSE 100, and urged broader domestic participation to sustain growth. The President’s message underscores a strategic goal: position Nigeria as a credible and attractive investment destination for both local and global capital.
At the heart of this growth is the Nigerian Exchange Group (NGX), led by CEO Temi Popoola, whose reform-focused strategy emphasized transparency, governance, and investor engagement. Initiatives like NGX Invest, a digital platform simplifying capital raising, helped expand participation and facilitated over N2.8 trillion in primary market investments. By prioritizing structural reforms over short-term speculative gains, the NGX has fostered a deeper, more resilient market that supports both retail and institutional investors.
Collaboration between NGX and the Securities and Exchange Commission (SEC) was another key driver of market success. Regulatory alignment, improved oversight, and strong governance standards ensured that market growth was sustainable and inclusive. Together, they strengthened financial infrastructure, protected investors, and promoted transparency, creating a coordinated system that supports both secondary market trading and primary market capital formation. In 2025 alone, the NGX facilitated approximately N6.49 trillion in capital raising, backing corporate expansion, infrastructure projects, and macroeconomic stability.
Beyond finance, NGX’s reform agenda extended to social and sustainable initiatives, linking market growth with societal impact. Projects like Project BLOOM, tackling child malnutrition, and sustainability programs such as the NGX Net-Zero Programme, highlight a holistic approach that combines financial performance with social responsibility. With continued investment in technology, governance, and inclusive growth, Nigeria’s capital market is positioned not only as Africa’s largest but as a globally credible and reform-driven exchange, setting the stage for long-term economic growth and wealth creation.
source: This day