The Chairman, Board of the Nigerian Exchange Group (NGX Group), Umaru Kwairanga, has revealed that Nigeria’s market capitalisation has risen to over ₦95 trillion, more than doubling within one year.
Kwairanga described the performance of the capital market in 2025 as “very good” and almost transformative, attributing the feat to strong reforms, increased investor confidence, and significant technological improvements.
He noted that the All-Share Index has gained over 45 per cent in 2025, while activities in the primary market have rebounded, with significant increases in trading volumes and values.
According to Kwairanga, the market’s performance was driven by several strategic factors, including government reforms, banking sector recapitalisation, improved corporate governance, increased listings and the deployment of technology.
“We introduced a platform called NGX Invest Today, which allows investors to use their gadgets from the comfort of their homes to invest in the Nigerian capital market,” he explained.
He also highlighted a surge in retail investor participation, noting that the number of retail investors grew from less than one million in 2023 to over six million in 2025.
“This growth did not happen by chance. We restructured our board, brought in new management, embraced technology and simplified our processes, and it has worked,” he said.
Looking ahead, the NGX chairman expressed strong optimism about 2026, describing it as a year that would be “much, much better” for the capital market.
Culled from Leadership