President Bola Tinubu has applauded Nigeria’s capital market for crossing the historic N100 trillion market capitalisation threshold on the Nigerian Exchange (NGX), describing the feat as a powerful signal of renewed confidence in the economy.
In a statement released on Thursday, the President praised corporate Nigeria, market operators and investors for driving the rally, which he said reflects the effectiveness of ongoing economic reforms.
He encouraged Nigerians to channel more savings into domestic investments, assuring that 2026 would deliver even stronger returns as reforms mature.
Tinubu noted that while several global markets struggled with stagnation in 2025, Nigeria’s equities market posted exceptional gains.
The NGX All-Share Index closed 2025 with a 51.19 per cent return, improving on 37.65 per cent recorded in 2024 and ranking among the best performances globally. Year-to-date returns, he added, outpaced major benchmarks such as the S&P 500, the FTSE 100 and many emerging-market peers in the BRICS+ bloc.
“Nigeria is no longer a frontier market to be ignored,” the President said, describing the stock market’s performance as a barometer of economic health and investor confidence. He highlighted strong results across sectors, from industrial firms that have localised supply chains to banks demonstrating resilience and technological innovation.
Looking ahead, Tinubu said the pipeline of new listings remains robust, with indigenous energy firms, technology unicorns, telecoms and infrastructure-focused companies preparing to access the public market—moves expected to further boost capitalisation and broaden ownership of the economy.
Beyond equities, the President pointed to improving macroeconomic indicators. Inflation, which peaked at 34.8 per cent in December 2024, declined to 14.45 per cent by November 2025, with projections of 12 per cent in 2026 and a possible dip below 10 per cent before year-end. He attributed the progress to monetary tightening, the removal of distortionary financing and increased agricultural investment.
Tinubu also cited external sector gains, noting a $16 billion current account surplus in 2024 and projections of $18.81 billion by 2026, according to the Central Bank of Nigeria. Non-oil exports surged 48 per cent by Q3 2025 to N9.2 trillion, while exports to Africa jumped 97 per cent to N4.9 trillion.
Foreign reserves have surpassed $45 billion and are expected to exceed $50 billion in early 2026, providing buffers for currency stability. The President added that ongoing investments in rail, roads, ports, healthcare and education are reinforcing growth.
Describing nation-building as a continuous process, Tinubu said the N100 trillion milestone signals a robust, productive economy, pledging to sustain reforms to deliver inclusive growth and prosperity.
