The first half of 2025 recorded strong momentum across multiple asset classes, with total market capitalisation of NGX-listed instruments rising by 16 per cent, from ₦112.60 trillion in January to ₦126.73 trillion by June.
A statement by the Nigerian Exchange Group (NGX Group) on Wednesday said the growth was largely driven by equities, which increased from ₦62.76 trillion to ₦75.95 trillion.
Fixed income remained stable at ₦50.56 trillion, while ETFs gained traction among retail investors, rising to ₦25.79 billion.
Speaking on the performance, Group Managing Director and Chief Executive Officer of the NGX Group, Temi Popoola, attributed the impressive performance of the nation’s stock market in the first half of 2025 to a deliberate focus on structural reforms and strong regulatory engagement.
Popoola said: “We have worked closely with the Securities and Exchange Commission to enhance market transparency, drive product diversification, and strengthen investor protections. Our aim is to build a market that competes globally while remaining inclusive and resilient.”