Market Value Nears ₦100 Trillion on Strong Reform Momentum

Nigeria’s stock market continued its record-breaking rally this week, with the NGX All-Share Index climbing 1.5% to 153,736.25 points, pushing total market capitalization to about ₦97.6 trillion just short of the ₦100 trillion milestone.

Analysts credit the surge to ongoing economic reforms, including naira liberalization, fuel subsidy removal, and the implementation of the Investments and Securities Act 2025, which has strengthened transparency and investor confidence.

Blue-chip stocks across banking, industrial, and consumer goods sectors led the charge, with Beta Glass and Ellah Lakes among top gainers. Year-to-date, the market has advanced nearly 49%, reflecting renewed optimism in Nigeria’s reform-driven economy.

However, experts caution that inflationary pressures and foreign exchange fluctuations remain key risks in sustaining the momentum.