Nigeria's Stock Market Ranks Among World's Best Performers

The Senate Committee on Capital Market, chaired by Osita Izunaso, announced that Nigeria's stock market is now among the world's best performers in dollar terms, achieving a 67% return this year. This milestone reflects growing global confidence in the country's economic reforms under President Bola Ahmed Tinubu.

Izunaso emphasized that this achievement is not accidental but the result of deliberate fiscal, monetary, and regulatory reforms aimed at restoring investor confidence and strengthening market institutions. The Nigerian Exchange Group and the Central Securities Clearing System were acknowledged for their roles in enhancing market operations.

The recent performance has led to Nigeria being placed on the S&P Dow Jones 2027 watchlist for potential promotion to standalone market status. This recognition signifies increased international acknowledgment of Nigeria's progress in market regulation and transparency.

The committee continues to promote legislative initiatives to deepen the market and strengthen investor confidence, ensuring Nigeria remains competitive among leading emerging economies.