The Nigerian stock market has seen a significant increase in market capitalisation, surpassing N150 trillion, according to recent reports. This growth marks a notable rise from N30 trillion in May 2023, reflecting a strong rebound in investor confidence and economic stability (realnewsmagazine.net).
President Bola Tinubu has publicly acknowledged the role of the Economic Management Team and the Nigerian Exchange Group (NGX) in stabilising the economy and boosting the capital market. During a meeting at the Presidential Villa in Abuja, Tinubu praised the efforts of NGX leadership in driving market recovery (vanguardngr.com).
The NGX, which lists over 150 companies, has witnessed increased corporate activity, with several firms contributing to the market's growth. Recent trading activity showed a surge in demand for shares of First Holdco Plc and 23 other listed companies, leading to a N192 billion gain in the market (thisdaylive.com).
The Nigerian Exchange Group continues to play a central role in the country’s financial landscape, with its market capitalisation now exceeding N150 trillion, signaling a positive trend for investors and the broader economy.
