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As a result of the Central Bank of Nigeria’s (CBN) continuous monetary changes, investors in the Nigerian stock market cheered the bank in September 2025, earning a total of ₦1.811 trillion.
The apex bank’s recent decision to lower the Monetary Policy Rate (MPR) from 27.5% to 27% increased investor appetite for stocks and caused them to shift their portfolios from fixed income to stocks, according to Naija News.
According to a study of trading data from the Nigerian Exchange Limited (NGX), market capitalization—a measure of the entire value of listed investments—rose by more than ₦1.811 trillion from ₦88.769 trillion in August to ₦90.580 trillion in September.
The NGX All Share Index (ASI), on the other hand, increased 1.7%, closing September at 142,710.48 points after peaking at 140,295.50 points in August.
After weeks of profit-taking from previous declines, the market was mostly buoyed by fresh purchasing interest in large-cap companies in September. At home and overseas, traders also positioned themselves for possible market-moving events.
The market capitalization gained ₦445.2 billion to close the session at ₦90.58 trillion, while the NGX ASI increased by 0.23% to close at 142,710.48 points on Tuesday.
Strong demand for companies like ARADEL (+9.82%), Fidelity Bank (+5.26%), Nigerian Breweries (+2.38%), and Transcorp (+8.48%) drove the surge.
Despite the gains, 31 equities fell against 28 that rose, causing the market breadth to close negatively.
Vanguard reports that analysts say the September recovery showed a combination of prudence and confidence. Sector-specific strength, larger macroeconomic signals, and expectations of corporate results all had a significant impact on investor mood.
Although the recovery is still proceeding, InvestData Consulting Limited analysts pointed out that care is still required: “Looking ahead, the equities market appears poised for a cautious continuation of the recovery.” Market mood will continue to be shaped by macroeconomic factors like domestic inflation trends, currency rate volatility, and policy changes in addition to global indicators like crude oil prices and global risk appetite.
The September NGX performance indicates that, in the wake of the CBN’s monetary changes, investors have rekindled their faith in stocks as a sound investment choice.
The sustainability of the surge, however, will depend on how stable macroeconomic fundamentals remain, analysts warn.