NGX Achieves Remarkable Growth Over 65 Years in Nigeria

The Nigerian Exchange Group (NGX), originally founded as the Lagos Stock Exchange on September 15, 1960, and rebranded in December 1977, has marked its 65th anniversary with substantial growth. The market capitalization of listed equities increased from N11.720 trillion at the end of 2018 to N162.999 trillion by September 28, 2026, reflecting a 1290.78 percent rise.

The NGX All Share Index also surged by 703.79 percent, closing at 252,636.11 points on September 28, 2026, compared to 31,430.50 points on December 31, 2018. Mr Ambrose Omordion, Chief Research Officer at Investdata Consulting Ltd, noted the market's transformation from manual trading to digital systems, which has facilitated smoother operations.

He emphasized the importance of ongoing reforms across various sectors, including banking and oil and gas, to ensure market stability. The listing of major companies like MTN Nigeria and the upcoming IPO of Dangote Refinery are expected to further enhance market participation and attract new investments.