The Nigerian Exchange Group (NGX) has disclosed that capital market transactions have tripled within two years of President Bola Ahmed Tinubu’s administration. NGX Group Chairman, Alhaji Umaru Kwairanga, made this known during a meeting with the President in Brazil, attributing the surge to reforms in oil and gas, foreign exchange policy and tax administration which have boosted investor confidence.
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, said the new Investment and Securities Act 2025 provides one of the most comprehensive frameworks on the continent. He explained that the legislation is expected to drive market capitalization to about ₦300 trillion while ensuring investor protection and strengthening regulation.
The NGX leadership called for further measures, including fast-tracking the listing of state-owned enterprises such as NNPC Limited and introducing tax incentives for companies to list. President Tinubu, in response, said the strong performance of the capital market is evidence that his reforms are working, adding that his administration remains committed to making Nigeria a hub for investment and prosperity.
