NGX CEO Temi Popoola Engages with President Tinubu

Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX), met with President Bola Ahmed Tinubu at the State House for a working session focused on Nigeria's economic transformation. The meeting revealed that market capitalization increased from under N30 trillion in 2023 to about N160 trillion, with the All-Share Index rising from approximately 52,000 to over 244,000 points.

This growth reflects investor confidence in response to recent macroeconomic reforms and the efforts of market operators, regulators, and investors. President Tinubu affirmed plans to reform and list NNPC Limited on the capital market, emphasizing the market's critical role in financing Nigeria's ambition of becoming a one-trillion-dollar economy.

Popoola has been instrumental in repositioning the capital market as a vital infrastructure for national growth, demonstrated by the domestic mobilization of funds during the banking sector recapitalization and the migration to T+1 settlement in June 2023.