Nigeria's Market Re-rating Attracts Global Investors

Temi Popoola, the Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX), discussed Nigeria's market re-rating during a live interview in London, coinciding with President Bola Tinubu's state visit to the United Kingdom. He noted that Nigeria's capital market is undergoing a re-rating as global investors reassess the country's economic trajectory and investment potential.

Popoola emphasized that recent market performance, combined with greater policy clarity, has contributed to a shift in Nigeria's perception within the global investment community. He explained that Nigeria's equity market has delivered strong returns in recent months, positioning it competitively among emerging and frontier markets.

This performance has helped recalibrate long-held risk perceptions, attracting renewed interest from international investors. Additionally, improvements in Nigeria's energy landscape, including increased domestic refining capacity and ongoing sector reforms, have reduced the economy's exposure to external oil price shocks, further strengthening investor confidence.