President Bola Tinubu has praised corporate Nigeria, individual investors and other stakeholders in the nation’s capital market for pushing total market capitalisation on the Nigerian Exchange above the N100 trillion mark, describing the achievement as a strong signal of renewed confidence in the economy.
The President said the milestone should inspire more participation from the investing public across the money and capital markets, urging Nigerians to deepen their investments in the local economy. He assured that 2026 would deliver stronger returns as ongoing economic reforms begin to show broader impact.
“With the Nigerian Exchange (NGX) crossing the historic N100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He noted that global conditions in 2025 had been challenging for many markets, yet Nigeria recorded a standout performance. “In 2025, while many of the world’s markets struggled with stagnation or tepid recovery, the NGX All-Share Index was on the ascent. It closed 2025 with a 51.19% return, higher than the 37.65% recorded in 2024. This performance ranks among the highest in the world,” he said.
According to the President, year-to-date returns on the NGX have exceeded those of major global benchmarks, including the S&P 500 and the FTSE 100, as well as several emerging-market peers within the BRICS+ group. “Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered,” he stated.
Tinubu said the stock market’s strong performance reflects wider economic health and investor confidence. “As the stock market reflects the entire economy, its stellar performance is a significant indicator of the country’s economic health and the confidence investors have in our economy,” he added.
He highlighted gains across sectors, noting that listed companies have delivered notable results. “On the NGX, we have witnessed remarkable performances from listed companies across all sectors. From blue-chip industrial giants that have localised their supply chains, to a banking sector that has demonstrated resilience and technological innovation, Nigerian companies are proving that the country can deliver strong returns on investment,” he said.
Looking ahead, the President said the pipeline for new listings remains strong. “And we are just getting started. The pipeline for new and upcoming listings looks robust. More indigenous energy firms, tech unicorns, telecoms, and infrastructure-heavy entities are seeking to access the public market to fund their expansion,” Tinubu said, adding that such listings would deepen democratic ownership of the economy and further boost market capitalisation.
He stressed that the government is also seeing positive results from reforms at the microeconomic level. “After the initial headwinds that followed our reforms, we are finally seeing a bend in the inflation curve,” he said. Tinubu cited monetary tightening and the removal of distortionary Ways and Means financing as steps that restored stability to the Naira.
The President said investments in agriculture have helped reduce inflation consistently over the past eight months. “From a 24-month high of 34.8% in December 2024, inflation decelerated to 14.45% as of November 2025, with projections indicating it will reach 12% in 2026,” he said, adding that inflation could fall below 10 per cent before the end of the year.
Tinubu said the country’s external position has also improved. “In 2024, Nigeria posted a surplus of $16 billion. According to the Central Bank of Nigeria (CBN), our current account balance is projected to rise to $18.81 billion in 2026, up from $16.94 billion in 2025,” he stated.
He added that export performance has strengthened. “Under our administration, Nigeria is exporting more and importing less of what we can produce locally. Non-oil exports surged by 48% by the third quarter of 2025, totalling N9.2 trillion,” he said, noting that exports to Africa rose by 97% to N4.9 trillion, while manufacturing exports grew by 67% year-on-year in the second quarter of 2025.
The President said Nigeria’s foreign reserves have crossed $45 billion, giving the Central Bank greater capacity to maintain stability. He added that reserves are projected to exceed $50 billion in the first quarter of 2026, while infrastructure projects, healthcare improvements, education financing through NELFUND, and ongoing tax and fiscal reforms are reinforcing growth prospects nationwide.
