The Nigerian stock market has surged by ₦26.01 trillion in the first eight months of 2025, lifting its total capitalization to ₦88.77 trillion and setting sights on the ₦100 trillion milestone.

The NGX All-Share Index also advanced by 36.3% year-to-date, reaching 140,295.50 points from 102,926.40 at the end of 2024.

Analysts attribute the rally to a stable naira, strong corporate earnings, banking recapitalization, and reduced appeal of fixed-income assets. The Consumer Goods Index led with an 84% gain, driven by BUA Foods and MTN Nigeria, while the Oil & Gas sector declined by 12%.

Experts, including APT Securities CEO Kasimu Garba Kurfi, predict the market could surpass ₦100 trillion by year-end, reflecting renewed investor confidence and policy-driven growth.