National Wire About Nigerians, Nigerian Business and Other Stories
The Nigerian Exchange (NGX) Group Chairman, Dr. Umaru Kwairanga, has expressed optimism about the prospects of the Nigerian capital market in 2026.
According to him, the market is on track to surpass ₦100 trillion in market capitalization before the end of the year, following a remarkable growth of nearly 100% in 2025.
The NGX All-Share Index (ASI) surged by 49.17% to close at 153,539.8 points as of December 24, 2025, ranking the NGX among Africa’s best-performing exchanges. The NGX recorded ₦6.34 trillion in capital raised through new listings and equity issuances, largely driven by bank recapitalization programs.
Dr. Kwairanga who on Wednesday made this disclosure during a panel section at the Cowry quarterly economic discourse, themed, Nigeria in 2026: Will Politics Trump Economic Reforms, explained that retail investor participation skyrocketed, with over 6 million investors in 2025, up from less than 1 million in 2023.
”The NGX introduced a digital platform, “NGX Invest Today,” allowing investors to invest from the comfort of their homes.
Dr. Kwairanga emphasized the need for harmonized tax and foreign exchange policies to attract global capital inflows.
Dr. Kwairanga predicted that 2026 would be a year of significant growth and transformation for the Nigerian capital market.
He highlighted the potential impact of major listings, and emphasized the importance of sustained policy reforms and technology adoption.
”The NGX Group is well-positioned to drive this growth, with plans to deepen market liquidity, strengthen market integrity, and enhance resilience.
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