The Nigerian Exchange has continued its strong growth this year, and on 5 January passed a milestone market capitalization of NGN 100 trillion to close at NGN 101.8trn ($71.5 billion). Nigerian President Bola Ahmed Tinubu issued a statement praising the Nigerian Exchange Group (NGX), Nigeria’s businesses, the market operators and investors, saying it is a powerful signal of renewed investor confidence and economic rejuvenation. “Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered. The NGN 100trn market capitalization is a signal to the world that the Nigerian economy is robust and productive. The NGN 100trn market capitalization is a signal to the world that the Nigerian economy is robust, productive, and open for business.”

Source: Ethiopian News January 16, 2026 10:00 UTC