Follow Us on Google
From Juliana Taiwo-Obalonye, Abuja
President Bola Tinubu has commended corporate Nigeria, citizens, and capital market stakeholders for propelling the Nigerian Exchange (NGX) past the historic ₦100 trillion market capitalisation mark, describing it as a beacon of the nation’s economic revival.
In a State House statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, on Thursday, President Tinubu described the achievement as “an inspiration for the investing public operating in the money and capital markets.” He urged Nigerians to ramp up investments in the local economy, promising even stronger returns in 2026 as his administration’s reforms gain momentum.
“With the Nigerian Exchange (NGX) crossing the historic ₦100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu stated. He spotlighted the NGX All-Share Index’s stellar 51.19 per cent return in 2025 — outpacing 2024’s 37.65 per cent and surpassing global benchmarks like the S&P 500, FTSE 100 and many BRICS+ peers.
“Nigeria is no longer a frontier market to be ignored — it is now a compelling destination where value is being discovered. As the stock market reflects the entire economy, its stellar performance is a significant indicator of the country’s economic health and the confidence investors have in our economy,” the president added.
Tinubu praised robust performances across sectors, from blue-chip industrials localising supply chains to resilient, tech-savvy banks. He highlighted a promising pipeline of listings from energy firms, tech unicorns, telecoms and infrastructure players, which he said would deepen market capitalisation and public ownership.
Other News
The statement tied the milestone to broader reforms yielding tangible gains. It noted that inflation had fallen from a 24-month high of 34.8 per cent in December 2024 to 14.45 per cent by November 2025, with projections for 12 per cent in 2026 and below 10 per cent by year-end, attributed to monetary tightening, the end of ‘Ways and Means’ financing and increased investments in agriculture.
Nigeria’s current account surplus hit $16 billion in 2024, is estimated at $16.94 billion for 2025 and is forecast to reach $18.81 billion in 2026, according to Central Bank of Nigeria (CBN) data. Non-oil exports jumped 48 per cent to ₦9.2 trillion by Q3 2025, with African exports surging 97 per cent to ₦4.9 trillion and manufacturing up 67 per cent year-on-year in Q2.
Foreign reserves have topped $45 billion, helping to stabilise the naira, with CBN projections of $50 billion by Q1 2026. Infrastructure advances highlighted in the statement include expanding rail networks, major roads such as the Lagos-Calabar and Sokoto-Badagry superhighways, port revitalisation, improved medicare and boosts to education through NELFUND and research grants.
“Nation-building is a process, not a destination. Hard work, sacrifices and the focus of its citizens build a nation. The ₦100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” Tinubu said. “As your leader, I pledge to continue working unrelingly to build an egalitarian, transparent and high-growth economy that will be further catalysed by the historic tax and fiscal reforms that came into full implementation from January 1.”
