{
  "id": 326961,
  "title": "NGX market value to hit N230 trillion by end of 2026, says Popoola",
  "url": "https://urgent.news/2026/08/08/ngx-market-value-to-hit-n230-trillion-by-end-of-2026-says-popoola",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-08T14:10:54.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/08/08/ngx-market-value-to-hit-n230-trillion-by-end-of-2026-says-popoola/"
  },
  "original_language": "en",
  "account": "The Nigerian Exchange Group (NGX Group) anticipates its market value will soar to N230 trillion by the end of 2026, according to Group Managing Director and Chief Executive Officer Temi Popoola. Popoola made the projection during a meeting with President Bola Ahmed Tinubu at the State House in Abuja, citing anticipated major listings and continued investor interest as key drivers. The total value of listed companies has surged from around N30 trillion when Tinubu took office in May 2023 to approximately N160 trillion currently, reflecting growing investor confidence and the market's appeal. The projected increase represents a 43.8% rise from present levels and a more than sevenfold surge from 2023's valuation. The expected listing of companies on the exchange before year-end is expected to be the largest stock market debut in Africa's history, significantly boosting liquidity, market capitalisation, and NGX's attractiveness to foreign investors. President Tinubu hinted during the meeting that his administration's economic reforms would eventually see the Nigerian National Petroleum Company Limited (NNPC) Limited listed on the NGX, turning it into a publicly traded entity. The projection aligns with the continued strength of the domestic equities market, which surpassed a valuation of N100 trillion earlier in the year, driven by strong price appreciation across equities and exchange-traded funds, cementing Nigeria's position as one of the best-performing exchanges globally this year.",
  "summary": "The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX Group), Temi Popoola, has projected that the market value of companies listed on the Nigerian Exchange will rise to N230 trillion by the end of 2026, driven by anticipated major listings and sustained investor interest. The post NGX market value to hit N230 trillion by end of 2026, says Popoola appeared first…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}