By Jemimah Wellington, JKNewsMedia Correspondent
NIGERIA’s CAPITAL market has recorded remarkable growth under ongoing economic reforms, President Bola Tinubu said during a state visit to Brazil on Tuesday.
He highlighted the surge in market capitalisation and the rise in trading activities, describing them as signs of broadened opportunities for both Nigerians and international investors.
Addressing the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of Nigerian Exchange Group Plc, the President said the performance reflected investor confidence in his administration’s policy direction.
“Nigeria’s markets must be a trusted engine of enterprise and prosperity. My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation, so that our economy works for every Nigerian,” President Tinubu stated.
The President commended the leadership of the NGX and SEC, affirming that his government remains determined to strengthen Nigeria’s financial ecosystem.
He emphasised that continued engagement with market stakeholders was vital to achieving the Renewed Hope Agenda’s economic objectives and positioning Nigeria as Africa’s leading investment destination.
Tinubu assured the delegation that his administration would sustain support for the capital market and was prepared to introduce additional reforms to expand the sector.
SEC Director-General Dr. Emomotimi Agama welcomed the recent signing of the Investment and Securities Act (ISA) 2025, which he described as one of Africa’s most comprehensive capital market legal frameworks.
He said the law would drive Nigeria toward a ₦300 trillion market while enhancing wealth distribution through investor protection and regulatory clarity.
NGX Group Chairman, Alhaji Umaru Kwairanga, expressed appreciation for the administration’s economic policies, noting that trading volumes and market values had nearly tripled since the government began its reforms.
He urged the acceleration of listing processes for major state-owned enterprises, including NNPC Limited, and the introduction of tax incentives to sustain the momentum.
He also extended an invitation for the President to visit the NGX trading floor in a statement released on 26 August 2025 by Bayo Onanuga, Special Adviser to the President on Information and Strategy.
Temi Popoola, Group Chief Executive Officer of NGX Group, underscored the importance of positioning Nigeria’s Exchange as a global hub through modernised infrastructure, enhanced partnerships, and product innovation.
He stressed that expanding retail investor participation via digital platforms would deepen inclusive and sustainable growth.
Nonso Okpala, a Director at NGX Group, pointed to reforms that had contributed to exchange rate stability and macroeconomic predictability under the Renewed Hope Agenda.
He encouraged Nigerian businesses to list on the Exchange as a pathway to democratising wealth and broadening economic participation.
