Nigerian Stock Market Hits N149.7tn on NGX with Increased Investor Confidence
The Nigerian stock market on the NGX has reached a total value of N149.7tn, showcasing a significant increase from N109.27tn in 2024. This growth is attributed to improved macroeconomic stability, increased investor confidence, and ongoing reforms.
Equities remain the dominant driver, accounting for 66.2% of the total market value, followed by debt instruments and ETFs. The market has seen remarkable expansion, with foreign exchange reforms attracting foreign portfolio investments.
The Central Bank of Nigeria and the federal government's efforts have also contributed to the market's resilience and growth.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Stock Market Capitalization Surges by N35.3 Trillion Year-on-Year
Nigerian Stock Market Gains N8.137 Trillion Last Week
Nigerian Equities Market Surges, Investors' Wealth Up by N1.27 Trillion
Nigerian Oil Sector Drives NGX to N110.23tn Market Cap with Bullish Performance
Nigerian Equities Market Gains N2.24 Trillion in Growth
Nigerian Equities Market Gains N804 Billion This Week
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
