Tinubu Applauds NGX After Breaking N100 Trillion Threshold

Nigerian corporations, citizens, and other capital market participants have been commended by President Bola Tinubu for crossing the N100 trillion milestone on the Nigerian Exchange (NGX).

The president described the unprecedented accomplishment as an encouragement for the investing public involved in the money and capital markets in a statement released on Thursday by his media aide, Bayo Onanuga.

As his administration’s economic reforms continue to produce stronger results, he urged Nigerians to increase their investments in the local economy, promising even higher returns in 2026.

“A new economic reality and revitalization are emerging in Nigeria as the Nigerian Exchange (NGX) surpasses the historic N100 trillion market capitalization mark.”

“The NGX All-Share Index was rising in 2025 although many global markets suffered from stagnation or a slow recovery. Compared to the 37.65% return in 2024, it completed 2025 with a 51.19% return.

This performance is among the best in the world, according to the presidency. The S&P 500, the FTSE 100, and even many of our emerging-market colleagues in the BRICS+ group have not kept up with our year-to-date returns.

“Nigeria is now a fascinating destination where value is being found; it is no longer a frontier market to be disregarded. The stock market’s outstanding performance is a key reflection of the nation’s economic health and investor confidence in our economy since it represents the entire economy.

We have seen outstanding results from listed companies in every industry on the NGX. Nigerian businesses are demonstrating that the nation can provide high returns on investment, from blue-chip industrial titans that have localized their supply chains to a banking industry that has shown resilience and technological innovation.

And we’re only getting started. There appears to be a strong pipeline for future postings. In order to finance their growth, more domestic energy companies, telecoms, tech unicorns, and infrastructure-heavy organizations are looking to enter the public market. The listing of these companies will increase market capitalization and strengthen democratic control over the Nigerian economy.

“The exceptional stock market performance is not the only thing we are celebrating. The microeconomic benefits of our changes are also being celebrated. We are finally witnessing a bend in the inflation curve after the first challenges that accompanied our measures. The naira has regained stability as a result of significant monetary tightening and the elimination of distortionary “Ways and Means” financing.

Additionally, during the last eight months, there has been a steady decline in inflation thanks to investments in the agriculture sector. Inflation fell to 14.45% as of November 2025 from a 24-month high of 34.8% in December 2024, and estimates suggest it will reach 12% in 2026. In fact, before the end of this year, inflation is probably going to drop below 10%, which will boost GDP growth and raise living standards. 2026 is expected to be a historic year for providing all Nigerians with prosperity.

The state of our country’s current account, a reliable indicator of our general economic well-being, is also significant. Nigeria recorded a $16 billion surplus in 2024. The Central Bank of Nigeria (CBN) projects that our current account balance would increase from $16.94 billion in 2025 to $18.81 billion in 2026.

Nigeria is exporting more and importing less of what it can produce domestically under our government. By the third quarter of 2025, non-oil exports had increased by 48% to reach N9.2 trillion. Exports to Africa alone reached N4.9 trillion, a 97% increase. In the second quarter of 2025, manufacturing exports rose by 67% year over year, indicating a successful end to the year.

Nigeria’s foreign reserves have surpassed $45 billion, providing the central bank with the capacity to uphold stability. The instability that previously fueled conjecture has subsided as the naira has stabilized. According to the Central Bank of Nigeria’s most recent forecast, foreign reserves would surpass the $50 billion mark in the first quarter of 2026.

Additionally, key arterial highways are being completed, our ports are being revitalized, and the rail networks are being expanded. The nation’s infrastructure is expanding thanks to the revolutionary Lagos-Calabar and Sokoto-Badagry superhighways.

“Medical tourism expenses are decreasing, and our Medicare facilities are getting better. The Nigeria Education Loan Fund (NELFUND) helps our students, and more research funding are going to universities.