President Bola Ahmed Tinubu on Thursday lauded the Nigerian Exchange Group (NGX) for breaching the ₦100 trillion market capitalisation threshold, describing the feat as a defining moment in Nigeria’s economic resurgence and a signal of strengthened investor confidence.
In a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, the President celebrated the stock market’s performance in 2025, highlighting robust returns that outpaced major international benchmarks and urging Nigerians, at home and abroad, to deepen their participation in the local capital market.
President Tinubu noted that the NGX closed 2025 with a 51.19 per cent return, a significant improvement from the 37.65 per cent recorded in 2024, and one that surpassed gains posted by major global indices such as the S&P 500 and FTSE 100, as well as several emerging markets in the BRICS+ cohort. This performance, he said, reflects the growing attractiveness of the Nigerian market to investors.
“With the Nigerian Exchange crossing the historic ₦100 trillion market capitalisation mark, the country is witnessing the birth of a *new economic reality and rejuvenation,” Tinubu said. “Nigeria is no longer a frontier market to be ignored, it is now a compelling destination where value is being discovered.”
The President attributed the landmark achievement to the resilience and innovation of Nigerian companies across sectors, from blue-chip industrials localising supply chains to the banking sector showcasing technological advancement and adaptability.
Tinubu also disclosed that a pipeline of listings from indigenous firms across energy, technology, telecommunications, and infrastructure sectors is in motion, a development he said would deepen market capitalisation and broaden economic participation among Nigerian investors.
He expressed optimism that 2026 would deliver even stronger returns, buoyed by ongoing reforms that ensure a favorable environment for investment and market growth.
In underscoring the broader economic gains, the President referenced a sustained decline in inflation, from 34.8 per cent in December 2024 to 14.45 per cent in November 2025, and projected that inflation could fall below 10 per cent before the end of 2026. He presented this trend as evidence of improving macroeconomic conditions that support business confidence and capital market performance.
Analysts say the NGX’s surge reflects not only the direct effects of domestic policy and reform measures but also a broader recovery in investor sentiment domestically and globally. Market data shows that renewed investor interest, both local and foreign, has helped strengthen liquidity and widen participation across different sectors of the Nigerian economy.
President Tinubu’s remarks carried an appeal to Nigerians to invest within the country, emphasising that local commitment to the economy would accelerate wealth creation and strengthen Nigeria’s financial markets. He framed the NGX milestone as a tangible demonstration that the nation’s economic reforms are yielding results visible to everyday and institutional investors alike.
“This achievement should inspire Nigerians to invest locally and take ownership of their economic future,” he said, projecting confidence that the market’s momentum would continue to grow in the months ahead.
The President’s comments come amid broader efforts to position Nigeria’s capital market as a key engine for economic growth, an objective that aligns with legislative reforms and policy measures aimed at expanding market access, protecting investors, and fostering long-term domestic investment.
