President Bola Ahmed Tinubu has applauded the Nigerian Exchange (NGX) for surpassing the N100 trillion market capitalisation milestone, describing the achievement as a strong signal of renewed confidence in Nigeria’s economy.
In a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President praised corporate Nigeria, investors, and capital market stakeholders for what he called a historic accomplishment.
Tinubu said the milestone reflects the emergence of a new economic reality, noting that the capital market’s performance has positioned Nigeria as an increasingly attractive investment destination.
“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,” the President said.
He urged Nigerians to deepen their investments in the local economy, assuring that 2026 would deliver even stronger returns as his administration’s economic reforms continue to yield results.
According to the President, the NGX All-Share Index closed 2025 with a 51.19 per cent return, up from 37.65 per cent in 2024, ranking among the best-performing markets globally and outperforming major indices such as the S&P 500 and the FTSE 100.
“Nigeria is no longer a frontier market to be ignored it is now a compelling destination where value is being discovered,” Tinubu said, adding that the stock market’s performance mirrors growing investor confidence in the broader economy.
The President highlighted strong performances across sectors, including banking, industry, energy, and technology, noting that more indigenous firms are preparing to access the capital market, which would further boost market capitalisation and expand ownership of the economy.
He also pointed to positive macroeconomic indicators, including easing inflation, improved current account balances, rising foreign reserves, and growing non-oil exports. Tinubu said inflation had declined significantly from its December 2024 peak, with projections indicating further moderation in 2026.
The President noted that Nigeria recorded a $16 billion current account surplus in 2024 and is projected by the Central Bank of Nigeria to reach $18.81 billion in 2026. He added that foreign reserves have exceeded $45 billion and are expected to cross $50 billion in the first quarter of 2026.
Tinubu also cited ongoing infrastructure expansion, improvements in healthcare delivery, reduced medical tourism costs, enhanced access to education financing through the Nigeria Education Loan Fund, and increased research funding for universities as key outcomes of his administration’s reforms.
The President said, “The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” pledging to continue pursuing policies aimed at building a transparent, inclusive, and high-growth economy.