Nigerian President Bola Tinubu has hailed the country’s capital market for surpassing the N100 trillion benchmark, calling it a historic milestone and a strong signal of renewed investor confidence in the economy. In a statement by presidential spokesman Bayo Onanuga, the achievement was described as the birth of a new economic reality and a rejuvenation for Nigeria.
The Nigerian Exchange (NGX) closed 2025 with a 51.19 percent return on its All‑Share Index, outpacing major global indices such as the S&P 500 and FTSE 100. This performance places Nigeria among the world’s best‑performing equity markets and marks its transition from a frontier market to a destination where value is being unlocked. Several key sectors have driven this growth, notably industrial firms with localized supply chains and a resilient banking sector powered by technological innovation.
A robust pipeline of new listings on the NGX is expected, with indigenous energy companies, technology firms, telecom operators and infrastructure‑related businesses seeking capital to fund expansion. This influx of listings should further boost economic growth and enhance Nigeria’s attractiveness to investors.
President Tinubu also noted broader macro‑economic improvements. Inflation has continued to decelerate, falling from a 24‑month high of 34.8 percent in December 2024 to 14.45 percent by November 2025. Projections suggest a further decline to 12 percent in 2026 and possibly below 10 percent by year‑end. The president attributed this trend to monetary tightening, the removal of “ways and means” financing, and investments in agriculture, which have helped stabilise the naira and ease inflationary pressures.
The government has pledged to pursue policies that build a transparent, inclusive and high‑growth economy, driven by tax and fiscal reforms. The N100 trillion market capitalisation is seen as a strong signal of Nigeria’s economic resilience and productivity, and the president is committed to sustaining this momentum. Looking ahead, the milestone is expected to have a positive impact on the economy and attract further investment from both domestic and international sources.
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