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The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have applauded the Board, Management, and staff of the Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the ₦100 trillion market capitalization mark.
In a statement jointly signed by the Chairmen of the two bodies, they said the remarkable milestone is a testament to the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
The CIS and ASHON attribute this achievement to the visionary leadership and strategic direction of the NGX Board, ably led by Dr. Umaru Kwairanga, Chairman, Mr. Timi Popoola, Group Managing Director/ Chief Executive Officer and Mr. Jude Chiemaka, CEO, as well as the professionalism and dedication of other Management and staff.
The CIS and ASHON commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection. Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets. Policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.
The CIS and ASHON also commend the Securities and Exchange Commission (SEC) for providing sound regulations and market development.
”The SEC’s efforts have been instrumental in promoting market growth and stability, and the CIS and ASHON look forward to continuing to work closely with the Commission to further deepen the market.
”Crossing the ₦100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilize long-term funds for infrastructure, enterprise development, and economic transformation. It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives.
The CIS and ASHON said its remain committed to sustaining this momentum through robust regulation, market innovation, and strong investor protection frameworks.
”We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth”, the statement added.
