*President Bola Ahmed Tinubu lauds the headships of the Nigerian Capital market, describing the recent ‘phenomenal rise’ in market capitalisation and increased trading activity as an elixir that has broadened investment opportunities for Nigerians and international investors

Alexander Davis | 绿帽献妻

President Bola Ahmed Tinubu has commended Nigeria鈥檚 Capital market’s remarkable growth since he assumed office May 2023.

President Tinubu gave the commendation Tuesday, August 26, 2025, while receiving the Director-General of the Securities and Exchange Commission (SEC) and Board of Directors of Nigerian Exchange (NGX) Group Plc during his state visit to Brazil.

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The President also noted what he described as the “phenomenal rise” in market capitalisation and increased trading activity.

He said the development had broadened investment opportunities for Nigerians and international investors.

The Nigerian leader also averred the Capital market performance is a clear reflection of investor confidence in his administration’s reforms and bold economic measures.

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tuesday stated President Tinubu said: 鈥淣igeria鈥檚 markets must be a trusted engine of enterprise and prosperity.

“My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation, so that our economy works for every Nigerian.”

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The President further applauded the NGX Board and SEC leadership for their commitment, as he reaffirmed his administration鈥檚 unwavering resolve to elevate the country’s financial ecosystem.

The dialogue with the market stakeholders, he noted, is vital to achieving the Renewed Hope Agenda鈥檚 economic targets and positioning Nigeria as Africa鈥檚 premier investment destination.

Tinubu as well assured then of continued support for the Capital market, noting his administration’s readiness to implement additional reforms to strengthen and expand the sector.

Dr. Emomotimi Agama, Director-General of SEC, applauded the recent signing of the Investment and Securities Act (ISA) 2025 and described it as one of Africa鈥檚 most comprehensive legal frameworks for capital markets.

Agama stated that the Act will propel Nigeria towards a N300 trillion market while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.

Speaking during the meeting with the President, Alhaji Umaru Kwairanga, NGX Group Chairman, expressed gratitude for Tinubu administration’s bold reforms.

The Chairman noted that trading volumes and market values have nearly tripled since the commencement of the current administration.

Kwairanga also urged the fast-tracking of the listing of major state-owned enterprises, such as NNPC Limited, and the introduction of tax incentives to sustain this momentum.

He also invited the President to visit the NGX trading floor to recognise these achievements.

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In his remarks, Temi Popoola, CEO of NGX Group, emphasised the importance of positioning Nigeria鈥檚 Exchange as a global investment hub through stronger partnerships, modernised market infrastructure, and deeper product innovation.

Popoola also thanked the President for his bold reforms.

Furthermore, he emphasised that expanding retail investor participation through digital channels will promote inclusive and sustainable market growth.

In the same vein, Nonso Okpala, Director NGX Group Plc, lauded the current administration鈥檚 reforms, citing Exchange Rate stability and macroeconomic predictability under the Renewed Hope Agenda as drivers of the company鈥檚 growth.

He encouraged other Nigerian businesses to list on NGX as a pathway to democratising wealth and broadening participation.