RismadarVoice Reporters
August 6, 2026
President Bola Ahmed Tinubu has commended members of his Economic Management Team and the Nigerian Exchange Group (NGX) for what he described as the successful stabilisation of Nigeria’s economy and the remarkable rebound of the nation’s stock market.
The President gave the commendation while receiving the Board and Management of the Nigerian Exchange Group at the State House, Abuja, where he said recent positive economic indicators and favourable assessments by experts signalled a brighter future for the country.
According to the NGX, the total value of listed stocks has grown from about ₦30 trillion in 2023 to ₦160 trillion, with projections that it could reach ₦230 trillion before the end of 2026.
President Tinubu attributed the progress to ongoing economic reforms, praising the Minister of Finance and Coordinating Minister of the Economy, the Minister of Budget and National Planning, the Governor of the Central Bank of Nigeria and the Chairman of the National Revenue Service for their dedication in implementing policies aimed at restoring macroeconomic stability.
He expressed confidence that Nigeria could achieve a one-trillion-dollar economy, adding that the Nigerian National Petroleum Company Limited (NNPC) would be reformed and listed on the capital market to deepen investment opportunities.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said Nigeria’s capital market had emerged as one of the world’s best-performing markets, attributing the growth to the administration’s economic reforms. He urged the NGX and the Securities and Exchange Commission to work towards expanding the market to a one-trillion-dollar valuation.
NGX Chairman, Dr Umaru Kwairanga, said the stock market’s performance reflected growing investor confidence in the economy, while the Group Managing Director, Temi Popoola, disclosed that the All-Share Index had increased from about 52,000 points in 2023 to 244,000 points.
The NGX also estimated that the market rebound had created between 500,000 and 900,000 new millionaires through increased investment value, while the Central Bank of Nigeria said improved macroeconomic stability and successful banking sector recapitalisation would attract more investment and stimulate growth across the economy.
