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As Nigeria celebrates its 65th Independence day connected Wednesday, equity investors successful the superior marketplace person gained N33.3 trillion betwixt past Independence Day and the existent anniversary.
LEADERSHIP investigation of the equities marketplace successful the past twelvemonth revealed that the wide marketplace show measured by the All-Share Index (ASI), which tracks the wide marketplace question of each listed equities connected the Exchange, roseate by 44.21 per cent to adjacent astatine 142,133.03 points connected September 26, 2025, from 98,558.79 points it closed connected September 30, 2024.
Also, the marketplace capitalisation gained N33.325 trillion to adjacent connected September 26, 2025 astatine N89.960 trillion from N56.635 trillion astatine which it opened for trading activities connected October 2, 2024.
The Nigerian banal marketplace has demonstrated unprecedented strength, with record-breaking turnover values and expanding home participation.
The Nigerian banal marketplace has been positioned arsenic 1 of the best-performing successful Africa, driven mostly by gains successful companies that person posted robust net reports and attracted accrued buy-side activity. This awesome rally has brought the scale to a caller threshold, indicating sustained momentum and broader marketplace optimism.
Recall the Nigerian Exchange (NGX) has a affluent past that spans implicit six decades. The Lagos Stock Exchange was established successful 1960, with the superior extremity of facilitating the trading of securities successful Nigeria.
The Lagos Stock Exchange was renamed the Nigerian Stock Exchange (NSE) successful 1991, reflecting the increasing value of the speech successful the Nigerian system portion successful 2021, the speech rebranded arsenic the Nigerian Exchange (NGX) Group, reflecting its improvement into a multi-asset exchange.
Throughout its history, the NGX has played a important relation successful facilitating the maturation and improvement of the Nigerian economy. Today, the speech continues to supply a level for companies to rise superior and for investors to bargain and merchantability securities
Speaking connected marketplace performance, the managing manager of HighCap Securities Limited, David Adonri highlighted “the awesome show of the equities marketplace from October past twelvemonth to this September, reporting an wide appreciation of implicit 37 per cent.
This indicates a robust trading environment, underscored by accrued measurement and worth of trades, alongside a notable influx of overseas investors engaging with the marketplace implicit the past year.”
He stated that “the past twelvemonth has been marked by progressive information successful the superior market, peculiarly with caller listings from Banks contributing to wide marketplace dynamism.”
Reflecting connected the humanities perspective, Adonri said that the marketplace began successful 1960 predominantly arsenic a level for indebtedness instruments, with lone a fewer securities listed arsenic equities, saying, “the displacement began successful the 1970s, peculiarly noting the archetypal unionization workout successful 1972, which encouraged overseas entities to database their equities. This pivotal infinitesimal began to tilt the market’s equilibrium successful favour of equities, a inclination that was further reinforced by consequent unionization efforts successful 1978.
“As the national authorities stopped issuing nationalist indebtedness owed to accrued crude lipid earnings, the dynamics of the marketplace continued evolving. By the twelvemonth 2000, a resurgence of national authorities indebtedness instruments added to the marketplace premix but did not diminish the preeminence of equities, which present importantly outvalue indebtedness securities successful marketplace capitalisation.”
He pointed retired that, “from 1997 to 2007, the marketplace enjoyed a decennary of growth, culminating successful a highest successful March 2008, followed by a important downturn. However, consequent macroeconomic reforms initiated a betterment that has led to what is popularly known contiguous arsenic the “Tinubu Boom,” marking a renewed signifier of marketplace vitality since President Bola Tinubu took bureau successful 2023.
While the strength of this roar has moderated compared to its earlier stages, the marketplace remains unchangeable and continues to execute effectively.”
Looking ahead, Adonri noted that ,”it is indispensable for the authorities to absorption connected sustaining the affirmative trajectory of the market. Key drivers of show volition trust heavy connected ongoing macroeconomic reforms. The existing infrastructure and operational ratio of the marketplace are robust, which supports capitalist confidence. Continued committedness to these reforms volition beryllium important successful fostering a favorable situation for investors.
“Moreover, the availability of divers fiscal instruments is vital. Policy tin play an instrumental relation successful promoting qualified enterprises to database their securities, thereby enhancing marketplace stability.”
Meanwhile, the CEO, Sofunix Investment and Communications, Sola Oni said, “the Nigerian superior marketplace has survived, but not yet thrived. Structurally, it has matured. We ...
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