President Bola Tinubu has commended corporate Nigeria, investors, and capital market stakeholders for propelling the Nigerian Exchange (NGX) beyond the historic N100 trillion market capitalisation threshold.
He described the development as a testament to renewed economic confidence and the success of ongoing reforms.
In a State House press statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President urged Nigerians to increase local investments, assuring that 2026 would deliver even stronger returns as economic policies yield further dividends.
The NGX crossed the N100 trillion mark earlier this week, with market capitalisation reaching approximately N101.8 trillion on January 5, up from N99.94 trillion at the start of the year. Recent data indicates it has climbed further to around N102.7 trillion, reflecting sustained bullish momentum.
President Tinubu highlighted the NGX All-Share Index’s impressive 51.19% return in 2025, higher than the 37.65% recorded in 2024 and outperforming major global indices like the S&P 500 and FTSE 100, as well as many BRICS+ peers.
“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered,” the statement quoted the President as saying.
He noted strong performances across sectors, including resilient banking, innovative industrials, and companies localising supply chains.
The President pointed to upcoming listings in energy, technology, telecommunications, and infrastructure as drivers for deeper market growth and broader economic ownership.
Linking the stock market surge to broader reforms, he cited declining inflation – from a peak of 34.8% in December 2024 to 14.45% in November 2025, with projections for further drops below 12% in 2026.
Investments in agriculture, monetary tightening, and elimination of distortive financing have stabilised the naira and bent the inflation curve, he said.
Other positives include a projected $18.81 billion current account surplus in 2026 (up from $16.94 billion in 2025), surging non-oil exports (up 48% to N9.2 trillion by Q3 2025), and foreign reserves exceeding $45 billion, providing stability buffers.
Infrastructure advancements, such as expanded rail networks, revitalised ports, and flagship projects like the Lagos-Calabar and Sokoto-Badagry highways, were also emphasised, alongside improvements in healthcare, education funding via NELFUND, and upcoming tax reforms effective January 1, 2026.
“Nation-building is a process, not a destination. The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” the president said.
The statement comes amid global recognition of Nigeria’s capital market resilience, with analysts attributing the rally to policy consistency, FX reforms, and improved macroeconomic indicators.
