London, United Kingdom – NGX Group Chairman Umaru Kwairanga urged global investors to tap Nigeria’s expanding capital market at the Africa Capital Forum on March 17, 2026, spotlighting economic stability and robust performance under President Bola Ahmed Tinubu’s reforms during his UK state visit.
Okay News reports Kwairanga stating Nigeria shifted “from economic instability to steady growth,” crediting Tinubu’s first term for turnaround after volatile years, with the All-Share Index soaring 261% from 55,808 to over 200,000 points since 2023, market cap surging 325% from N30.38 trillion to N129.32 trillion, and trading volumes quadrupling via fuel subsidy removal and exchange rate unification.
He conceded short-term hardship, with poverty climbing from 49.8% to 63% per Agora Policy as “tough decisions impacted all Nigerians,” but voiced optimism for Dangote Refinery listings and a $1 trillion economy by 2030.
NGX pursues reforms like SEC-reviewed free-float rules for liquidity, as market cap hit N130.02 trillion with 62,654 deals recently, underscoring investor momentum despite social costs.
Tinubu’s macro wins position Nigeria’s bourse as a top African draw for yield seekers amid global flux.
