Despite global and domestic uncertainties, the Nigerian equities market started 2025 on a positive note, recording a N1.95 trillion gain as investors traded with caution.
The market capitalisation, which opened the year at N62.763 trillion, climbed to N64.709 trillion by the end of January.
Similarly, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) closed at 104,496.12 basis points, marking a 1.53% increase from 102,926.40 basis points at the end of 2024.
This growth comes amid macroeconomic challenges, inflation concerns, and rising insecurity. Comparatively, in January 2024, the equities market gained a record N14.44 trillion, driven by President Bola Tinubu’s bold economic reforms, including foreign exchange policies and subsidy removal.
Market analysts attribute the current positive performance to factors such as the ongoing bank recapitalization process, anticipated monetary policy easing by the Central Bank of Nigeria (CBN), and upcoming high-profile listings like the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery.
While challenges such as exchange rate volatility and inflation persist, key sectors, including banking, consumer goods, and industrials, are expected to drive market performance and deliver strong returns for investors.
