President Bola Tinubu has commended corporate Nigeria, investors and stakeholders for pushing the Nigerian Exchange (NGX) past the historic ₦100 trillion market capitalisation mark, describing the feat as a turning point for the nation’s economy.
The President said the milestone signals renewed investor confidence and urged Nigerians to deepen their investments in the local economy, assuring that 2026 would deliver even stronger returns as his administration’s reforms take firmer root.
“With the NGX crossing the ₦100 trillion mark, Nigeria is witnessing the birth of a new economic reality,” Tinubu said. “In 2025, while many global markets struggled, the NGX All-Share Index delivered a 51.19 per cent return, outperforming major markets such as the S&P 500 and FTSE 100.”
He noted that Nigeria is no longer a frontier market to be ignored but a compelling destination for global capital, citing strong performances across banking, industry, energy, technology and telecommunications.
The President also pointed to a robust pipeline of new listings, including indigenous energy firms, tech companies, telecoms and infrastructure giants, which he said would further deepen market capitalisation and broaden public ownership of the economy.
On the broader economy, Tinubu said inflation was easing after peaking at 34.8 per cent in December 2024, dropping to 14.45 per cent by November 2025, with projections of 12 per cent in 2026 and single digits before year-end.
He added that Nigeria’s current account surplus stood at $16 billion in 2024 and is projected to rise to $18.81 billion in 2026, while foreign reserves have crossed $45 billion and are expected to exceed $50 billion in the first quarter of 2026.
Tinubu highlighted a surge in non-oil exports, growth in manufacturing, stabilisation of the naira, expansion of rail and road infrastructure, improved healthcare facilities and increased funding for education and research.
“The ₦100 trillion market capitalisation is a signal to the world that Nigeria’s economy is robust and productive,” he said. “As your President, I will continue to work tirelessly to build a transparent, high-growth and inclusive economy driven by our historic tax and fiscal reforms.”
