Stock Market Capitalisation Inches Towards ₦100 Trillion!
Reported by David Joshua | Sele Media Africa
Nigeria’s stock market surged again this week, bringing total market capitalisation close to the ₦100 trillion milestone. According to official data, the Nigerian Exchange Group (NGX) market cap stood at ₦98.059 trillion, as of the close of trading on October 24, 2025. [1]
The All‑Share Index (ASI) advanced by 0.49 % to 154,489.90 points, reflecting a year‑to‑date gain of about 50.10 %. [1]
Drivers behind the rally
- Strong demand for large‑cap stocks in banking, consumer goods, and industrial sectors. [1]
- Improvement in foreign‑exchange liquidity and macroeconomic optimism following recent reforms. [2]
- A more transparent regulatory framework, including the new Investments and Securities Act 2025. [2]
Market outlook
Analysts say the market could break the ₦100 trillion mark before year‑end, provided reform momentum continues and corporate earnings remain strong. [3]
As the equity market edges closer to this landmark figure, participants view it as a signal of growing investor confidence and the promising potential of Nigeria’s capital markets.
Citations:
- Vanguard News: www.vanguardngr.com/2025/10/stock-market-capitalisation-inches-towards-n100trn/?utm_source=chatgpt.com
- Businessday NG: businessday.ng/markets/article/stock-market-nears-n100trn-as-index-crosses-153000-points/?utm_source=chatgpt.com
- Leadership News: leadership.ng/securities-firm-projects-n100trn-ngx-market-cap-by-year-end/?utm_source=chatgpt.com
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