From stabilization to major capital gains, Nigeria is attracting investor confidence.
Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group, has said Nigeria’s economy is stabilized and growing steadily. Speaking at the Africa Capital Forum in London, he highlighted stock market gains, with the NGX All-Share Index up 261% and market capitalization surging 325%.
Kwairanga credited reforms under President Bola Tinubu for restoring investor confidence, boosting trading activity, and reducing economic vulnerabilities like FX shortages and oil dependence.
Looking ahead, he said NGX plans major listings, including the Dangote Refinery and Petrochemical Complex, and aims to triple key market indices in two years, supporting Nigeria’s $1 trillion economy goal by 2030.
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