Nigerian Exchange Limited (NGX) in the first half of 2025:
The Nigerian Exchange Limited (NGX) recorded a significant N4.63 trillion in capital raised during the first half of 2025, through both sovereign and corporate instruments.
This capital is crucial for infrastructure projects, business expansion, and innovation across various sectors.
This impressive performance is largely attributed to the success of "NGX Invest," a digital platform launched in 2024 to simplify access to public offerings. NGX Invest has significantly boosted investor participation in the primary market, playing a key role in Nigeria's capital mobilization efforts and supporting the banking sector's recapitalization by facilitating over N2 trillion.
Market activity remained robust, with total market capitalization increasing by 16% from N112.6 trillion in January to N126.73 trillion by June. Equities trading drove this rise, growing from N62.76 trillion to N75.95 trillion.
The fixed-income market remained stable at N50.56 trillion, while Exchange Traded Funds (ETFs) gained popularity, reaching N25.79 billion.
This upward trend reflects increasing appeal due to macroeconomic stability, a more transparent regulatory environment, and heightened investor confidence.
Temi Popoola, Group Managing Director and CEO of NGX Group, credited improved market performance to closer collaboration with regulators, particularly the Securities and Exchange Commission (SEC).
Joint efforts focused on strengthening investor protections, expanding product offerings, and enhancing market transparency. Popoola affirmed their commitment to building a globally competitive, inclusive, and resilient market.
Sectoral indices highlighted the market's dynamism, with the NGX Consumer Goods Index gaining 51.21%, and the NGX Pension and NGX Banking indices rising by 19.32% and 18.06% respectively, indicating renewed investor confidence.
NGX Group's ambitions extend internationally, evidenced by its investment in the Ethiopian Securities Exchange (ESX) to drive regional capital market integration.
Discussions are also underway with the Shanghai and Hong Kong Stock Exchanges to explore dual listings and improved liquidity frameworks, aiming to enhance cross-border capital flow and global investor participation.
David Adonri, Vice Chairman of Equity Capital Solution Limited, noted that the equities market surged by 16.6% in H1 2025, with 13.6% of that growth in Q2 alone.
He attributed this to stabilizing interest rates and improved foreign exchange dynamics, which have reignited interest among foreign portfolio investors.