Nigeria’s capital market has recorded significant expansion within the past year, with total market capitalisation rising by 125 per cent from about N55 trillion in April 2024 to over N123.93 trillion.
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, disclosed this in Lagos during his inaugural address to members of the Capital Market Working Group on Market Liquidity.
Agama also revealed that the capital market’s contribution to Nigeria’s Gross Domestic Product rose sharply within the same period, increasing from 13 per cent to 33 per cent.
According to a statement issued by the commission on Sunday, the SEC chief said the growth trajectory since April 2024 had been remarkable.
“Since this administration came into being in April 2024, we have seen market capitalisation grow from about N55 trillion to over N123.93 trillion. Our contribution to GDP has moved from 13 per cent to 33 per cent. These are impressive figures, but they tell only part of the story,” he said.
Agama, however, cautioned that while the headline indicators reflected strong performance, sustained reforms and improved market liquidity would be critical to consolidating the gains and ensuring long-term stability.
He emphasised the importance of the Capital Market Working Group on Market Liquidity in addressing structural constraints and deepening investor confidence, noting that liquidity remains a key driver of market efficiency and resilience.
The SEC boss reaffirmed the commission’s commitment to strengthening regulatory frameworks, enhancing transparency and fostering innovation to position Nigeria’s capital market as a competitive destination for both domestic and international investors.
