The Nigerian equities market rebounded strongly on Wednesday, November 12, 2025, adding ₦2.6 trillion in value after the government clarified its stance on the upcoming Capital Gains Tax (CGT) policy.

Market capitalisation rose from ₦90.83 trillion to ₦93.45 trillion, a 2.89% increase, while the All-Share Index posted similar gains. The rebound followed a ₦4.6 trillion loss the previous day, driven by investor concerns over the new tax regime.

Authorities assured investors that the CGT implementation expected in January 2026 will be handled consultatively, easing market fears and sparking fresh buying across major sectors.

The banking and insurance sectors led the recovery, rising 7.39% and 6.95%, respectively. Trading volume reached 806.4 million shares worth ₦50.78 billion across 24,500 deals.

Analysts said the sharp recovery reflects renewed investor confidence but cautioned that volatility may persist until fiscal and policy details are fully clarified. Visit www.jocomms.com for more news.