Nigeria’s stock market grows from N30tn to N230tn in 3years
The Nigerian Exchange Group (NGX) has revealed that value of listed equities on the exchange grew from about N30 trillion in 2023 to N160 trillion, with projections of reaching N230 trillion before the end of 2026. This was made known by the NGX Chairman, Dr. Umaru Kwairanga and Group Managing Director/Chief Executive Officer (GMD/CEO) Temi […] The post Nigeria’s stock market grows from N30tn to…
Nigeria's stock market has experienced remarkable growth, expanding from N30 trillion to N230 trillion within a span of three years, according to the Nigerian Exchange Group (NGX). NGX Chairman Dr. Umaru Kwairanga and Group Managing Director/Chief Executive Officer Temi Popoola reported this surge in listed equities during a visit to President Bola Tinubu at Aso Rock Villa, Abuja.
The President expressed his gratitude to the Economic Management Team (EMT) and NGX for stabilizing Nigeria's economy and driving its capital market recovery. Tinubu highlighted the government's reforms, anchored on global best practices, which are already yielding measurable results. He praised key members of the EMT, including the Minister of Finance, Dr. Taiwo Oyedele, and the Minister of Budget and National Planning, Senator Atiku Bagudu.
The President emphasized the importance of private sector participation for sustained economic growth and reaffirmed his administration's target of building a one-trillion-dollar economy.
Written by urgent.news from Ripples Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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