President Bola Tinubu has hailed the Nigerian Exchange (NGX) for crossing the ₦100 trillion market capitalisation threshold, describing the milestone as a definitive signal of Nigeria’s economic rejuvenation. The historic peak, achieved during the first week of January 2026, marks the first time the local bourse has reached a twelve-figure valuation in local currency.
The market capitalisation of all quoted equities rose from ₦99.94 trillion at the start of the year to approximately ₦101.81 trillion by January 5, representing a ₦1.87 trillion surge within just two trading sessions. This momentum follows an exceptional 2025 performance where the NGX All-Share Index delivered a 51.19% return, significantly outperforming major global benchmarks, including the S&P 500 and the FTSE 100.
In an official statement released through his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu expressed that the achievement reflects a "new economic reality". He noted that the surge in market value is a direct consequence of the administration’s fiscal and tax reforms, many of which moved into full implementation at the beginning of this year.
"The ₦100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust, productive, and open for business," the President stated. He further emphasised that Nigeria is no longer a frontier market to be overlooked but has become a primary destination where global and domestic investors are unlocking significant value.
Looking ahead, the Presidency highlighted a robust pipeline for new listings, including indigenous energy firms, technology "unicorns", and infrastructure-heavy entities. This anticipated expansion is expected to further deepen the market, providing more avenues for Nigerians to participate in the country's wealth creation.
President Tinubu concluded by urging citizens to increase their domestic investments, assuring them that the ongoing reforms are designed to build an inclusive and high-growth economy. He maintained that the current market performance is not an isolated event but an indicator of the country’s broader economic health and the renewed faith of the global investment community.
