Nigerian Stock Market Surges N28.52 Trillion Amid Economic Reforms

The Nigerian stock market saw a significant increase of N28.52 trillion in market capitalization over 11 months, attributed to government reforms and stability measures. The NGX All-Share Index closed at 143,520.53 basis points on November 28, 2025.

However, the market capitalization depreciated by N6.54 trillion in October-November 2025. Investor sentiment was influenced by President Donald Trump's threats of military action and the implementation of Capital Gains Tax (CGT) in Nigeria.

Notably, market participants like Tajudeen Olayinka witnessed a N4.6 trillion drop in market capitalization.