Nigerian President Bola Tinubu has expressed enthusiasm over the country’s capital market surpassing the N100 trillion benchmark, describing it as a historic milestone and a strong signal of renewed investor confidence in the economy. According to a statement by presidential spokesman Bayo Onanuga, this achievement marks the birth of a new economic reality and rejuvenation in Nigeria.
The Nigerian Exchange, or NGX, ended 2025 with a 51.19 percent return on its All-Share Index, outperforming major global indices such as the S&P 500 and FTSE 100. This performance places Nigeria among the world’s best-performing equity markets, with the country transitioning from a frontier market to a destination where value is being unlocked. Several key sectors, including industrial firms with localized supply chains and a resilient banking sector driven by technological innovation, have recorded strong performances.
A robust pipeline of new listings on the NGX is anticipated, with indigenous energy companies, technology firms, telecom operators, and infrastructure-related businesses seeking to access the capital market to fund expansion. This development is expected to further boost the country’s economic growth and attractiveness to investors.
In terms of the broader economy, President Tinubu noted that inflation has continued to decelerate, dropping from a 24-month high of 34.8 percent in December 2024 to 14.45 percent by November 2025. Projections indicate a further decline to 12 percent in 2026 and possibly below 10 percent by the end of the year. The president attributed this trend to monetary tightening, the removal of “ways and means” financing, and investments in agriculture, which have helped stabilize the naira and ease inflationary pressures.
The Nigerian government has pledged to continue pursuing policies aimed at building a transparent, inclusive, and high-growth economy, driven by tax and fiscal reforms. The N100 trillion market capitalization is seen as a strong signal of Nigeria’s economic resilience and productivity, with the president committed to sustaining this momentum. As the country looks to the future, this milestone is expected to have a positive impact on the economy and attract further investment from both domestic and international sources.
