Amanze Chinonye
President Tinubu has congratulated corporate Nigeria, investors, and stakeholders in the Nigerian capital market for surpassing the historic N100 trillion market capitalisation on the Nigerian Exchange (NGX).
Describing the milestone as an “inspiration for the investing public,” President Tinubu urged Nigerians to deepen their investments in the local economy, assuring that 2026 will deliver even stronger returns as his administration’s economic reforms continue to yield results.
“With the NGX crossing the N100 trillion mark, Nigeria is witnessing the birth of a new economic reality and rejuvenation,” he said. The President highlighted that the NGX All-Share Index delivered a 51.19% return in 2025, surpassing the 37.65% recorded in 2024 and outperforming major global benchmarks including the S&P 500 and FTSE 100.
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President Tinubu attributed the performance to the resilience and innovation of listed companies across sectors, noting strong results from industrial, banking, energy, and technology firms. He also emphasized that the pipeline for new listings, including indigenous energy firms, tech unicorns, and infrastructure-heavy entities, remains robust, promising further growth in market capitalisation.
Beyond stock market performance, the President pointed to broader economic gains, including a steady decline in inflation, from a 24-month high of 34.8% in December 2024 to 14.45% in November 2025, with projections suggesting it could fall below 10% later this year. He also cited improvements in Nigeria’s current account, which posted a $16 billion surplus in 2024 and is projected to reach $18.81 billion in 2026, as well as rising foreign reserves exceeding $45 billion.
“Under our administration, Nigeria is exporting more and importing less of what we can produce locally,” President Tinubu said, noting a 48% increase in non-oil exports by Q3 2025 and a 97% rise in exports to Africa. He also highlighted progress in infrastructure, healthcare, and education, pointing to new rail networks, major highways, improved medicare facilities, and increased research funding for universities.
Concluding his statement, the President pledged to continue building an “egalitarian, transparent, and high-growth economy,” supported by the historic tax and fiscal reforms that took effect on January 1, 2026.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
