The Nigerian equities market gained N36.6 trillion in 2025, attributable to reforms in the foreign exchange market and impressive corporate earnings by listed companies on the Nigerian Exchange Limited (NGX).
As gathered by WESTERNPOST, the equities market closed for trading December 31, 2025 at N99.376 trillion, gaining N36.6 trillion from N62.763 trillion it closed for trading December 31, 2024.
Also, the NGX All-Share Index advanced by 52,686.63 basis points or 51.2per cent to close 2025 at 155,613.03 basis points from 102,926.40basis points it opened for trading this year.
The Nigerian equities market had surpassed analysts’ expectation, gaining N21.03 trillion in 2024 amid unstable foreign exchange market, soaring inflation rate, among other macroeconomy challenges in the country.
The N21.03 trillion gain in market capitalisation between January and December 24, 2024, is coming on the backdrop of rising insecurity in the country, 34.60per cent inflation as of November 2024, Naira against the dollar currently at N1,537/$ of December 24, 2024, among other macroeconomic challenges, and global uncertainty.
The NGX market capitalisation closed December 24, 2024 trading at N61.944 trillion, representing about N21.03 trillion or 51.4per cent gain in investors net returns in 2024 from N40.918 trillion the stock market opened for trading this year.
The listings of Aradel Holdings Plc, Transcorp Power Plc, and surge in Dangote Cement Plc stock price, among other blue-chip stocks contributed to the market capitalisation increasing to N61.994 trillion in the period under review.
Speaking on the equities market performance in 2025, Group Managing Director/Chief Executive Officer, Nigerian Exchange Group (NGX Group), Temi Popoola, stated that “the Nigerian capital market in 2025 demonstrated resilience despite domestic and global economic headwinds. This performance underscores the importance of policy consistency, purposeful reforms, and strategic collaboration in strengthening investor confidence and sustaining market growth.
During the year, efforts to advance economic reforms and improve market structures helped support a stable environment for capital formation, while our continued investment in technology played a critical role in expanding access, enhancing transparency, and improving operational efficiency across the market.
As we look ahead to 2026, NGX Group remains focused on deepening partnerships with regulators, issuers, market operators, policymakers, and the wider financial ecosystem to sustain this momentum. We are optimistic about the opportunities ahead and committed to positioning the Nigerian capital market as a key driver of economic growth and wealth creation, while advancing NGX Group’s vision as Africa’s preferred exchange hub.”