President Bola Ahmed Tinubu has described the Nigerian stock market’s historic N100 trillion market capitalisation milestone as a strong signal of renewed confidence in the nation’s economy by both local and foreign investors.

The President said the performance of the Nigerian Exchange (NGX) reflects broader macroeconomic improvements and changing global perceptions of Nigeria as an attractive investment destination.

“With the Nigerian Exchange crossing the historic N101 trillion market capitalisation mark, the country is witnessing the emergence of a new economic reality and rejuvenation,” Tinubu said.

According to him, the sustained rally in equities underscores a fundamental shift in investor sentiment, noting that Nigeria is no longer viewed as a marginal frontier market.

“Nigeria is now a compelling destination where value is being discovered. As the stock market mirrors the broader economy, its strong performance is a clear indicator of economic health and investor confidence,” he stated.

Market data showed that total market capitalisation rose by N137 billion to close at N102.82 trillion, while the All-Share Index (ASI) gained 214.80 points to close at 160,806.56 points.

Nigerian equities closed 2025 among the world’s top five best-performing stock markets, with the ASI posting a 51.19 per cent annual return, translating to a net capital gain of N32.13 trillion. The NGX attributed the rally to the success of President Tinubu’s macroeconomic reforms.

Group Managing Director of NGX Group Plc, Temi Popoola, commended the administration for providing policy clarity and reform momentum that have strengthened investor confidence.

“This milestone reflects the success of ongoing reforms and our commitment to transparency, market depth and inclusive growth. Improved macroeconomic coordination has created an environment where both local and global investors can deploy capital with confidence,” Popoola said.

President Tinubu noted that Nigeria’s market performance stood out globally in 2025, outperforming major indices such as the S&P 500, FTSE 100, and several emerging market peers.

He attributed the gains to resilience and innovation across sectors, from industrial firms and banks to technology-driven companies.

“The pipeline for new listings remains strong, with indigenous energy firms, technology companies, telecoms operators and infrastructure players preparing to access the capital market. These listings will deepen liquidity and expand democratic ownership of the economy,” he said.

The President urged Nigerians to increase participation in the capital market, describing the rally as evidence of the wider benefits of his reform agenda.

In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu said the stock market gains were complemented by declining inflation, improved currency stability and stronger external balances.

He noted that inflation fell from 34.8 per cent in December 2024 to 14.45 per cent by November 2025, with projections pointing to further moderation in 2026.

Tinubu also cited improvements in trade, foreign reserves and non-oil exports, noting that reserves have surpassed $45 billion, while non-oil exports rose sharply in 2025.

Assuring Nigerians of sustained reforms, the President said 2026 would deliver stronger returns, improved living standards and accelerated economic growth.

“The N100 trillion market capitalisation is a signal to the world that Nigeria’s economy is resilient, productive and open for business,” Tinubu said.