Stock Market Gains N60.193trn In 27 Months Under Tinubu

The Nigerian banal marketplace has experienced singular maturation nether President Bola Tinubu’s administration, with the marketplace capitalisation expanding by N60.193 trillion successful 27 months.

The All-Share Index (ASI) has besides surged, gaining 155.72 per cent since President Tinubu assumed office.

This maturation is attributed to the administration’s pro-market policies, including overseas speech liberalisation, fiscal reforms, and renewed capitalist engagement. The market’s show is seen arsenic a reflection of broader economical reforms aimed astatine revitalising Nigeria’s fiscal ecosystem.

Analysts said the banal market’s absorption nether Tinubu reflects beardown capitalist assurance successful his market-driven argumentation signals, including substance subsidy removal, overseas speech unification, and a renewed propulsion for backstage sector-led growth.

The wide marketplace show measure, the All-Share Index (ASI), which tracks the wide marketplace question of each listed equities connected the Exchange, roseate by 155.72 per cent to adjacent astatine 142,710.48 points connected September 30, 2025, from 55,710.48 points connected June 1, 2023. Also, the marketplace capitalisation gained N60.193 trillion to adjacent connected September 30, 2025, astatine N90.581 trillion from N30.388 trillion astatine which it opened for trading activities connected June 1, 2023.

Speaking connected marketplace performance, the managing manager of HighCap Securities Limited, Mr. David Adonri, highlighted “the awesome show of the equities market, reporting an wide appreciation of implicit 155 per cent successful implicit 2 years.

“This indicates a robust trading environment, underscored by accrued measurement and worth of trades, alongside a notable influx of overseas investors engaging with the marketplace implicit the past year.”

He stated that “the past twelvemonth has been marked by progressive information successful the superior market, peculiarly with caller listings from Banks contributing to wide marketplace dynamism.”

He added that “subsequent macroeconomic reforms initiated a betterment that has led to what is popularly known contiguous arsenic the ‘Tinubu Boom’, marking a renewed signifier of marketplace vitality since President Bola Tinubu took bureau successful 2023. While the strength of this roar has moderated compared to its earlier stages, the marketplace remains unchangeable and continues to execute effectively.”

The managing manager of Globalview Capital Limited, Mr. Aruna Kebira stated that stated that Tinubu coming to powerfulness archetypal determination was to region substance subsidy, which reflects a decisive determination that was indispensable to debar imaginable challenges from vested interests.

Kebiru acknowledged the complexities that originate from specified changes, peculiarly arsenic prices adjusted importantly successful the market.

He emphasised the value of knowing economical equilibrium, noting that portion prices initially spiked, they yet stabilised.

Kebiru expressed assurance successful the government’s quality to instrumentality effectual policies, drafting parallels to the palmy reforms, the liberalisation of the forex market, which would let businesses to entree overseas currency done banks alternatively than relying connected middlemen.

This, helium said, would foster a healthier concern situation for manufacturers who person faced challenges owed to precocious import costs.

Regarding involvement rates, helium pointed retired that the cardinal bank’s strategy of raising the Monetary Policy Rate (MPR) successful effect to ostentation had merits. Recently, however, the MPR has declined, indicating a displacement toward a much favourable economical climate.

He besides commended the cardinal bank’s efforts to recapitalise banks, allowing them to prosecute much efficaciously successful planetary trade, saying that “the ongoing efforts successful capitalisation crossed assorted sectors, including banking and insurance, show the government’s committedness to enhancing economical growth.

As for authorities borrowing, helium highlighted the inclination of reduced involvement rates successful the wealth market, which is encouraging investors to question amended yields successful the superior market, explaining that “in an situation of precocious involvement rates and inflation, the superior marketplace remains a viable enactment for investors looking for inflation-linked returns. With ostentation astir 25 per cent portion the wealth marketplace offers little returns, investments successful the superior marketplace tin supply important gains.”

Kebiru expressed content that the government’s reforms, portion focusing connected dependable fiscal practices, purpose to marque the superior marketplace much charismatic and accessible, thereby fostering a healthier concern scenery successful Nigeria.