The Chairman of Nigerian Exchange Group Plc, Dr. Umaru Kwairanga, has outlined an ambitious agenda for Nigeria’s capital market in 2026, focusing on competitiveness, liquidity, and global alignment.
Kwairanga presented the priorities in his 2025 market review and forward-looking statement issued on December 29, 2025.
Total market capitalisation reached N149.88 trillion as of December 24, comprising equities, bonds, and exchange-traded products.
Equities contributed N98.89 trillion, while the NGX All-Share Index rose 49.17 per cent to 153,539.8 points.
Domestic investors drove 79 to 80 per cent of transaction value, with foreign participation at 20 to 21 per cent.
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Primary market activity raised an estimated N6.34 trillion, boosted by banking sector recapitalisation.
Kwairanga urged investors to adopt long-term, diversified strategies and embrace environmental, social, and governance principles.
He called on regulators to harmonise tax, foreign exchange, and repatriation policies for reduced volatility.
Market operators should invest in infrastructure, technology, and investor education to enhance transparency and trust.
These coordinated reforms aim to sustain 2025 gains and position Nigeria’s capital market for deeper, inclusive growth in 2026.
