Today, Monday, January 5, 2025, the total market capitalisation of the Nigerian Stock Exchange hit and crossed the ₦100 trillion mark for the first time ever, and ended the day at ₦101.807 trillion.
In dollar terms, our capital market is now worth a whopping $67.8 billion!
To put things in perspective, on October 1, 2024, the total market cap of the NGX was ₦56.64 trillion.
This means that in the space of a year, our capital market has doubled in value.
And what is the reason behind this growth? Exchange rate stability and the Nigeria First policy of the Tinubu administration, which has made Nigeria less dependent on imports and more reliant on exports, have led to a $4.6 billion trade surplus in the third quarter of 2025 alone and a projected surplus of approximately $16 billion for the full year of 2025.
The result of that stability has been the steady rise of the manufacturing sector, as citizens’ purchasing power increases due to the policies of the Tinubu government.
And as these policies deepened, we see that the inflation rate has reduced by 24.48% in January of 2025 to 14.45% today, while our foreign reserves are poised to hit $51 billion this quarter.
Anyone who tells you that President Tinubu is not working is a liar. Under President Tinubu, Nigeria is getting wealthier, and our finances are growing healthier!
Reno Omokri
