Nigeria President Bola Ahmed Tinubu has praised the Nigerian Exchange Group (NGX Group), corporate Nigeria, market operators and investors for pushing the Exchange beyond the historic N100 trillion market capitalisation milestone, describing the achievement as a strong signal of renewed investor confidence and economic revival.
In a statement marking the milestone, the President encouraged Nigerians to increase their participation in the domestic capital market, expressing optimism that 2026 would deliver even stronger returns as the effects of his administration’s economic reforms continue to take shape.
“With Nigerian Exchange crossing the historic N100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” President Tinubu said. He noted that the NGX All-Share Index ended 2025 with a 51.19% return, compared with 37.65% in 2024, placing it among the strongest-performing markets globally and ahead of major indices such as the S&P 500, FTSE 100 and several emerging-market peers.
“Nigeria is no longer a frontier market to be overlooked, it is now a compelling investment destination where value is being created and discovered,” the President said, stressing that strong stock market performance is a reflection of broader economic health and rising investor confidence.
According to Nairametrics, President Tinubu identified several drivers of the market’s performance, including strong results across listed companies, an expanding pipeline of new listings in sectors such as energy, technology, telecommunications and infrastructure, and wider macroeconomic improvements. These include easing inflation, a more stable naira, growing foreign reserves and increasing exports.
Reacting to the President’s remarks, the Director-General of the Securities and Exchange Commission, Emomotimi Agama, attributed the market’s historic achievement to President Tinubu’s leadership. “The N100 trillion milestone is a direct result of the administration’s decisive reforms and unwavering commitment to transparency and fiscal discipline,” Agama said. “These policies have renewed investor trust and solidified the credibility of Nigeria’s capital market.”
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He added that the SEC remains aligned with the President’s economic vision and will continue to strengthen oversight, protect investors and uphold governance standards to support long-term growth and market resilience.
The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, also commended President Tinubu for providing policy clarity and sustaining reform momentum that have strengthened investor confidence.
“This milestone underscores the success of ongoing reforms and the Exchange’s commitment to market depth, transparency, and inclusive growth,” Popoola said. “The capital market has responded positively to improved macroeconomic coordination and clear reform direction, creating an enabling environment for sustainable investment. It validates our focus on market development, innovation, and creating an environment where both local and global investors can deploy capital with confidence.”
Popoola said NGX Group would continue working closely with regulators and stakeholders to attract high-quality listings, deepen liquidity and expand retail participation, reinforcing its role as a catalyst for sustainable economic growth.
President Tinubu concluded by reaffirming his administration’s determination to build an inclusive, transparent and high-growth economy, noting that the N100 trillion milestone sends a strong signal to global investors. “Nation-building is a process, not a destination. The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust, productive, and open for business,” the President said.
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Image Credit: straightfromnaija.com
