During a state visit to Brazil on August 26, 2025, President Bola Tinubu commended the “impressive growth” of Nigeria’s capital market, attributing the surge in market capitalization and trading volumes to investor confidence in his administration’s economic reforms. Meeting with the Securities and Exchange Commission (SEC) Director-General, Dr. Emomotimi Agama, and the Nigerian Exchange (NGX) Group Board, Tinubu highlighted the market’s role as a catalyst for enterprise and prosperity, according to a State House statement posted on X by Presidential Adviser Bayo Onanuga.
Tinubu emphasized his commitment to further reforms under the Renewed Hope Agenda, aiming to enhance Nigeria’s financial ecosystem, protect investors, and foster innovation. “Our policies are driving a robust economy that benefits all Nigerians,” he stated. The NGX has seen a 39.98% year-to-date gain, with market capitalization reaching N89.5 trillion, bolstered by a 67.12% surge in capital importation to $5.64 billion in Q1 2025.
Dr. Agama praised Tinubu’s recent signing of the Investment and Securities Act (ISA) 2025, calling it one of Africa’s most robust capital market frameworks, poised to propel Nigeria toward a N300 trillion market. NGX Group Chairman Alhaji Umaru Kwairanga noted that trading volumes and market values have nearly tripled since Tinubu’s tenure began, urging faster listings of state-owned enterprises like NNPC Limited. He also invited the President to visit the NGX trading floor. NGX Group CEO Temi Popoola and Director Nonso Okpala echoed these sentiments, crediting reforms for enhancing exchange rate stability and investor trust.
Despite these gains, Nigeria faces challenges, including naira volatility (N1,560/$1 in the parallel market) and 21.88% inflation in July, underscoring the need for sustained reforms to maintain market momentum and economic stability.
