Nigerian Exchange Market Cap Hits N140.6tn with Equities Leading

The Nigerian Exchange Limited (NGX) closed September 2025 with a total market capitalization of N140.6 trillion, with equities contributing 64%. The equity market reached N90 trillion, while the debt market accounted for N50.6 trillion.

Despite a marginal decline in Exchange Traded Funds (ETFs), the stock market saw significant growth, attributed to factors like CBN's foreign exchange reforms, improved liquidity, and banking sector recapitalization. The Nigerian Insurance Industry Reform Act of 2025 also boosted market activity.

The surge in market capitalization reflects renewed investor confidence in the Nigerian economy.