By Ayomide Otitoju
President Bola Tinubu has welcomed the Nigerian capital market’s milestone of surpassing the ₦100 trillion market capitalisation mark, describing it as a historic achievement and a strong signal of renewed investor confidence in the economy.
In a statement issued by his spokesman, Bayo Onanuga, the President said the development reflects a new phase of economic rejuvenation for the country. “With the Nigerian Exchange (NGX) crossing the historic ₦100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” the statement said.
The NGX All-Share Index closed 2025 with a return of 51.19 per cent, significantly higher than the 37.65 per cent recorded in 2024 and outperforming major global benchmarks such as the S&P 500 and the FTSE 100.
President Tinubu said the strong performance places Nigeria among the world’s best-performing equity markets, adding that the country is no longer a frontier market to be overlooked but a destination where significant value is being unlocked.
He noted that several companies across key sectors have posted robust performances, pointing to industrial firms that have successfully localised supply chains and a resilient banking sector driven by technological innovation.
The President also said the pipeline of new listings on the NGX remains strong, with indigenous energy companies, technology firms, telecommunications operators and infrastructure-related businesses seeking to raise funds through the capital market.
On the broader economy, Tinubu said inflation has continued to ease following initial challenges associated with economic reforms, falling from a 24-month high of 34.8 per cent in December 2024 to 14.45 per cent by November 2025. He added that inflation is projected to decline to about 12 per cent in 2026, with the possibility of dropping below 10 per cent before the end of the year.
According to him, monetary tightening and the discontinuation of “ways and means” financing have helped stabilise the naira, while increased investments in agriculture have contributed to easing inflationary pressures.
President Tinubu reaffirmed his administration’s commitment to policies aimed at building a transparent, inclusive and high-growth economy, driven by tax and fiscal reforms that took effect from January 1. He described the ₦100 trillion market capitalisation milestone as a clear indication of Nigeria’s economic resilience and growing productivity.
