The Nigerian equities market defied economic headwinds in 2025, delivering a remarkable rally that culminated in a 51.19% gain for the NGX All-Share Index by the close of trading on December 31, according to data from the Nigerian Exchange Limited (NGX).
Market analysis by Nairametrics revealed that at least 45 listed companies recorded gains of over 100%, with some stocks delivering returns exceeding 1,000% in what has been described as a record-setting year for Nigerian capital markets.
The rally was largely driven by strong corporate earnings, improved market liquidity, and investor confidence spurred by reform-driven policies. Analysts note that a combination of domestic economic stability, supportive regulatory measures, and heightened market participation contributed to the robust performance.
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Investors also benefitted from strategic reforms aimed at enhancing transparency, governance, and market efficiency, which boosted sentiment and trading volumes throughout the year.
The 2025 market surge underscores the resilience of Nigerian equities amid global and domestic economic pressures, highlighting the potential for long-term growth and wealth creation in the country’s capital markets.
With the market closing the year on such a high note, stakeholders expect continued investor interest and further market consolidation in 2026, provided reforms and macroeconomic stability are sustained.