NGX Trading Surges to N8.54 Trillion on Investor Confidence Boost

Trading on the NGX has reached N8.54 trillion, marking a 115.2% year-on-year increase. Domestic and foreign investors, including pension fund administrators and high net-worth individuals, have played a significant role in the market's growth.

The surge in trading activity reflects renewed confidence following reforms in Nigeria's foreign exchange regime by the Central Bank of Nigeria. David Adonri, Vice Chairman of Highcap Securities Limited, highlighted the rebound in foreign investor participation as a positive sign for Nigeria's reform trajectory.