President Bola Tinubu hails corporate Nigeria and investors as the Nigerian Exchange hits a historic ₦100 trillion market capitalisation, citing strong reforms, falling inflation and renewed investor confidence
Tinubu Hails Corporate Nigeria as NGX Market Capitalisation Hits ₦100 Trillion
President Bola Ahmed Tinubu has commended corporate Nigeria, investors and stakeholders in the capital market following the historic crossing of the ₦100 trillion market capitalisation mark on the Nigerian Exchange (NGX), describing the milestone as a clear signal of renewed investor confidence and economic resurgence.
The President said the achievement should inspire Nigerians to deepen their participation in the money and capital markets, assuring that 2026 would deliver even stronger returns as his administration’s economic reforms continue to mature.
This was disclosed in a statement on Thursday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, via his official X (formerly Twitter) handle.
“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 said.
Nigeria Outperforms Global Markets
President Tinubu noted that while many global markets struggled with stagnation in 2025, Nigeria’s capital market recorded exceptional growth.
“In 2025, while many of the world’s markets struggled with stagnation or tepid recovery, the NGX All-Share Index was on the ascent. It closed 2025 with a 51.19% return, higher than the 37.65% recorded in 2024. This performance ranks among the highest in the world,” he stated.
According to him, year-to-date returns on the NGX significantly outperformed major global indices including the S&P 500, FTSE 100, and several emerging markets within the BRICS+ group.
“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered,” the President added.
Strong Corporate Performance, More Listings Ahead
Tinubu attributed the rally to strong performances across key sectors, including manufacturing, banking, energy and technology.
“From blue-chip industrial giants that have localised their supply chains, to a banking sector that has demonstrated resilience and technological innovation, Nigerian companies are proving that the country can deliver strong returns on investment,” he said.
He revealed that the NGX listing pipeline remains robust, with more indigenous energy firms, tech unicorns, telecoms companies and infrastructure-heavy entities preparing to access the capital market.
“As these firms are listed, they will boost market capitalisation and deepen democratic ownership of the Nigerian economy,” Tinubu noted.
Inflation Eases, Naira Stabilises
The President said the strong market performance reflects broader economic stability, pointing to falling inflation, a stabilising naira and improved macroeconomic indicators.
“From a 24-month high of 34.8% in December 2024, inflation decelerated to 14.45% as of November 2025, with projections indicating it will reach 12% in 2026,” he said.
He added that inflation is expected to drop below 10% before the end of the year, translating into improved living standards and accelerated GDP growth.
Exports, Reserves and Infrastructure Expansion
Tinubu also highlighted gains in Nigeria’s external sector, noting that the country posted a $16 billion current account surplus in 2024, with projections rising to $18.81 billion in 2026, according to the Central Bank of Nigeria (CBN).
“Non-oil exports surged by 48% by the third quarter of 2025 to ₦9.2 trillion, while exports to Africa alone rose by 97% to ₦4.9 trillion,” he said.
Nigeria’s foreign reserves, he disclosed, have crossed $45 billion, with projections to exceed $50 billion by the first quarter of 2026.
The President also cited ongoing investments in railways, roads, ports, healthcare, education and infrastructure, including the Lagos-Calabar and Sokoto-Badagry superhighways.
‘Signal to the World’
“The ₦100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” Tinubu declared.
He pledged to continue pursuing reforms aimed at building an egalitarian, transparent and high-growth economy, strengthened by historic tax and fiscal reforms that took full effect from January 1.
