Investors in Nigerian equities ended 2025 with net capital gains of N32.13 trillion, positioning the country among the world’s five best-performing stock markets.
The All-Share Index at the Nigerian Exchange (NGX) delivered a 51.19 per cent full-year return.
Aggregate market value of quoted equities rose from N62.763 trillion at the start to N99.376 trillion by year-end.
The ASI closed at 155,613.03 points compared with the opening index of 102,926.40 points.
This performance more than doubled average returns in major markets like the United States, United Kingdom, Germany, France, and China.
ALSO READ
NGX Group Managing Director Temi Popoola attributed the rally to policy consistency, reforms, and investments in market technology.
Association of Securities Dealing Houses of Nigeria Chairman Sehinde Adenagbe linked gains to forex reforms, removal from the FATF grey list, and the Investment and Securities Act 2025.
He highlighted digitisation’s role in attracting younger investors through fintech platforms.
Adenagbe urged supportive policies for new listings, capital gains tax clarity, and improved security to sustain momentum.
The 51.19 per cent return marked the sixth consecutive bullish year, following strong performances from 2020 to 2024.
These sustained gains reinforce investor confidence and the NGX’s role in capital formation for Nigeria’s economic growth.
