Value of Stocks, Debt, ETFs on NGX Hit N139.82trn Amid FX Reforms

The overall market capitalization of stocks, debt, and Exchange Traded Funds (ETFs) on the Nigerian Exchange Limited (NGX) has reached N139.82 trillion, driven by sustained investor confidence amid foreign exchange reforms by the Central Bank of Nigeria (CBN). The market capitalization has increased by N7 trillion in the first seven months of 2025, with the debt market leading the growth.

The equity segment dominates the market, with listed companies like MTN Nigeria Communication Plc, Dangote Cement Plc, and Airtel Africa Plc contributing significantly to the market capitalization. Market experts project that the market capitalization is expected to surpass N100 trillion by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market activity.

The participation of both domestic and foreign investors has also been crucial in driving the market rally, with foreign investors contributing significantly to total transactions on the NGX. Overall, the market's momentum in.