Market Capitalisation Jumps from ₦30trn to ₦160trn

President Bola Ahmed Tinubu has hailed the remarkable growth of Nigeria’s capital market as one of the strongest indicators of economic recovery under his administration.

In a nationwide broadcast marking his third year in office, Tinubu disclosed that the stock market capitalisation surged from ₦30 trillion in 2023 to ₦160 trillion in 2026, reflecting unprecedented expansion.

He added that the All-Share Index rose from 53,000 to 250,000 points during the same period, underscoring renewed investor confidence and improved market performance.

Tinubu attributed the growth to macroeconomic reforms, stronger fiscal management, and investor-friendly policies, which have boosted confidence in Nigeria’s financial system.

He said: “Companies across various sectors are reporting stronger earnings and declaring improved dividends, reflecting renewed confidence in the economy.”

The President also noted that strengthened public finances and greater fiscal stability have enhanced the ability of state governments to invest in infrastructure and social services.

According to him, the capital market’s performance demonstrates the resilience of Nigeria’s economy and the effectiveness of reforms aimed at stabilising growth.

Tinubu concluded that sustaining investor confidence and deepening reforms remain central to ensuring continued expansion of the capital market and broader economic recovery.