APT Securities Forecasts NGX Market Cap Surpassing N100trn by 2025

APT Securities projects the Nigerian Exchange (NGX) market capitalization to exceed N100 trillion by the end of 2025. Kasimu Garba Kurfi, the Managing Director and Chief Executive Officer of APT Securities Funds Limited, made this forecast during the 2025 Capital Market Review Outlook event in Lagos.

Kurfi attributed this optimistic outlook to factors such as foreign exchange stability, strong corporate fundamentals, increased primary market activities, and an expected slowdown in inflation. He also anticipated improved market performance in the second half of the year, with the Central Bank of Nigeria likely to reduce the Monetary Policy Rate (MPR) and treasury bill yields.

The projection indicates a positive trajectory for Nigeria's capital market in the coming years.