President Bola Ahmed Tinubu has praised stakeholders in the capital market for driving the Nigerian Exchange past the historic N100 trillion market capitalisation mark, describing the achievement as a strong signal of renewed investor confidence and economic recovery.
In a statement, the President said the milestone reflects a new economic reality for Nigeria and should inspire greater participation in both the money and capital markets.
He noted that despite global market stagnation in 2025, the NGX All Share Index delivered a 51.19 percent return, outperforming its 37.65 percent gain in 2024 and surpassing major global indices including the S and P 500 and FTSE 100.
According to Tinubu, the strong performance of listed companies across key sectors such as banking, industrials, technology, and energy highlights Nigeria’s ability to deliver competitive returns to investors.
He added that a growing pipeline of new listings, including indigenous energy firms, technology companies, telecoms operators, and infrastructure focused entities, will further deepen market capitalisation and expand citizen participation in the economy.
The President also linked the stock market’s performance to broader economic reforms, citing easing inflation, improved stability of the Naira, and strengthening macroeconomic indicators.
He disclosed that inflation declined from 34.8 percent in December 2024 to 14.45 percent by November 2025, with projections pointing to further moderation in 2026.
Tinubu further highlighted improvements in Nigeria’s current account balance, foreign reserves, non oil exports, manufacturing output, infrastructure development, healthcare delivery, and education financing, noting that these trends signal stronger economic fundamentals.
He urged Nigerians to deepen their investments in the local economy, stressing that sustainable nation building requires collective discipline, sacrifice, and confidence in domestic institutions.