The Nigerian stock market has set a historic milestone, with transaction turnover at the Nigerian Exchange Limited (NGX) surging to an unprecedented ₦10 trillion amid renewed investor confidence and rising foreign participation.
According to market data covering the first ten months of 2025, total turnover climbed to approximately ₦9.57 trillion, representing a remarkable 114% increase from the ₦4.47 trillion recorded in the same period of 2024. Analysts say the surge reflects stronger sentiment toward the Nigerian economy and improving stability in key financial indicators.
Foreign portfolio investors played a significant role in the upswing, contributing 21.2% of total market transactions up from 16.7% in the previous year. Their transaction value rose sharply to ₦2.03 trillion, marking a substantial 172% year-on-year increase.
Market watchers attribute the heightened activity to a blend of domestic investor enthusiasm and greater international appetite for Nigerian assets, fueled by ongoing reforms, improved market infrastructure, and expectations of stronger corporate earnings.
Despite the record-breaking turnover, the market has experienced short-term volatility, including notable corrections driven by profit-taking and global risk sentiment. Nevertheless, analysts believe the overall trend underscores a deepening market and improving liquidity, offering investors more efficient entry and exit opportunities.
As Nigeria continues to implement economic and financial reforms, stakeholders will be watching closely to see whether the momentum can be sustained through year-end and into 2026. Visit www.jocomms.com for more news.
