Market Cap Rises to ₦99trn as Stocks Gain ₦36.6trn in 2025
Nigeria’s stock investments rose by 51.19 percent to close the year 2025 as against 37.65 percent in 2024.
The market’s value rose by N36.62trillion in 2025 as capitalisation reached N99.4 trillion as against 2024 low of N62.76 trillion.
Tracked by the All-Share Index, the market rose 0.37% on the final trading day, bringing December’s month-to-date gain to 8.43% and pushing market capitalization to N99.3 trillion.
The momentum translated into a quarterly return of 9.04% and capped an impressive second-half performance of 29.70%.
July stood out as the best-performing month, climbing 16.57%.
That rally made the third quarter the strongest of the year, with gains of 18.95%, while the second half of 2025 also ranked as the best-performing half, up 29.70%.
Overall, the market’s strong 2025 performance was driven by broad-based sectoral contributions and standout stocks across the Nigerian Exchange.
The Group Managing Director/Chief Executive Officer, Nigerian Exchange Group (NGX Group), Temi Popoola, said the Nigerian capital market in 2025 demonstrated resilience despite domestic and global economic headwinds”.
He noted that “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.
He added that “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,” Popoola noted.