The federal authorities says the Nigerian inventory market is experiencing an unprecedented growth, with key indicators exhibiting exceptional progress since President Bola Ahmed Tinubu assumed workplace on Could 29, 2023.
The Nigerian Trade (NGX) has seen its All-Share Index (ASI) and market capitalisation greater than triple, reflecting investor confidence and the influence of sweeping {economic} reforms.
Based on Bayo Onanuga, Particular Adviser to the President on Data and Technique, on the time of President Tinubu’s inauguration, the NGX All-Share Index stood at 52,973.88 factors, with a market capitalisation of N28.845 trillion.
Quick ahead to Tuesday, August 12, 2025, the benchmark index has surged to 146,055.89 factors, representing a year-to-date return of 41.90%. Market capitalisation has climbed to N92.40 trillion, up from N92.33 trillion within the earlier buying and selling session.
“In comparison with the market place in 2023, there was a rise of over 300% in market capitalisation through the Tinubu period,” stated Bayo Onanuga, Particular Adviser to the President on Data and Technique.
The rally has been broad-based, with main listed firms posting important features in valuation. Among the many high performers are Nestle Nigeria, Presco, Okomu Oil, Dangote Cement, BUA Cement, BUA Meals, MTN Nigeria, Guinness Nigeria, Lafarge Africa (WAPCO), Nigerian Breweries, NAHCO, and main banks reminiscent of GTBank, Zenith Bank, UBA, Stanbic IBTC, Wema Bank, Fidelity Bank, and First {Bank} Holdings.
Each native and international buyers have benefited from the bullish market, which analysts attribute to the Tinubu administration’s pro-market insurance policies, together with international change liberalization, fiscal reforms, and renewed investor engagement.
“The reality is that beneath President Tinubu’s management, the Nigerian inventory market is prospering, heralding a brand new period of prosperity and alternative for all Nigerian stockholders,” Onanuga added.
The market’s efficiency is broadly seen as a mirrored image of broader {economic} reforms aimed toward revitalizing Nigeria’s {financial} ecosystem. These embrace efforts to stabilize the naira, entice international direct funding, and enhance regulatory transparency.
The administration’s dedication to infrastructure growth and personal sector engagement has additionally performed a job in boosting investor sentiment, Onanuga stated.
Regardless of political criticism from some quarters, the info factors to a strong and increasing capital market, positioning Nigeria as one of the crucial enticing funding locations in Africa.
Market analysts counsel that if present traits proceed, the NGX might see additional features, particularly with elevated listings, improved company earnings, and sustained macroeconomic stability.
The efficiency of the inventory market is now being considered not simply as a {financial} indicator, however as a barometer of Nigeria’s {economic} restoration and progress trajectory.
