The Nigerian stock market kicked off 2025 on a positive trajectory, recording a significant N1.95 trillion gain despite persistent global and domestic economic challenges.
The market capitalization, which stood at N62.763 trillion at the beginning of the year, surged to N64.709 trillion by the end of January, reflecting renewed investor confidence. Similarly, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) closed at 104,496.12 basis points, a 1.53% rise from 102,926.40 basis points recorded at the end of 2024.
This performance comes amid concerns over inflation, foreign exchange volatility, and security risks. Compared to January 2024, when the market gained a record N14.44 trillion following President Bola Tinubu’s economic reforms, the 2025 growth is more moderate but still encouraging for investors.
Market analysts attribute the current rally to several factors, including the ongoing bank recapitalization exercise, anticipated monetary policy easing by the Central Bank of Nigeria (CBN), and the potential listing of major corporations like the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery.
While economic uncertainties remain, key sectors such as banking, consumer goods, and industrials are expected to sustain market momentum and offer strong returns to investors in the months ahead.