The Nigerian equities market has surged by ₦28.5 trillion in market capitalization over the first 11 months of 2025, driven by government-led economic reforms and improved investor confidence.

The Nigerian Exchange Limited (NGX) reported that market capitalization rose from ₦62.76 trillion at the end of 2024 to ₦91.29 trillion, while the NGX All-Share Index (ASI) climbed from 102,926.40 points to 143,520.53 points, marking a year-to-date gain of nearly 40%.

Analysts attribute the growth to currency stabilization, sector reforms, and increased participation from domestic and foreign investors.

However, November 2025 saw a dip of ₦6.54 trillion, triggered by profit-taking and concerns over a proposed 30% Capital Gains Tax, before the market recovered ₦2.6 trillion following government reassurances.

Despite recent volatility, the market’s performance underscores growing confidence in Nigeria’s equities amid ongoing reforms. Visit www.jocomms.com for more news.