FX Stability and Capital Inflows Drive N26trn Gain in Nigerian Stock Market
Analysts attribute the Nigerian stock market's N26 trillion gain to factors like foreign exchange stability, increased capital inflows, and improved market liquidity. The market's positive performance over eight months saw a rise in market capitalization from N18 trillion to N26 trillion by August 29, 2025.
The Nigerian Exchange Limited Index also experienced growth, climbing to a significant point by the end of 2024. The market's performance was further boosted by improved corporate earnings and growing foreign investor interest.
The stability in foreign exchange rates and increased capital inflows have contributed to the market's growth, with various sectors like banking and insurance playing a significant role in the market's positive trajectory.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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