The Nigerian Exchange (NGX) has announced that it facilitated over N4.63 trillion in capital formation during the first half of 2025 through a mix of corporate and sovereign instruments, underscoring the deepening role of Nigeria’s capital market in financing national development.
According to the Exchange, the funds raised have been instrumental in funding infrastructure projects, boosting enterprise growth, and supporting innovation across critical sectors.
A key enabler of this achievement is the NGX Invest platform, a digital onboarding tool launched in 2024 to simplify access to public offers and primary market instruments.
The platform, which democratizes investor participation, has contributed significantly to the ongoing banking sector recapitalization, already mobilizing over ₦2 trillion for Nigerian banks.
“We’ve seen strong capital formation, driven by technology, product innovation, and strategic collaboration,” said Temi Popoola, Group Managing Director and CEO of NGX Group.
“Our alignment with the Securities and Exchange Commission (SEC) on reforms around transparency, investor protection, and product diversity is yielding measurable results.”
The broader market also reflected improved sentiment, with total market capitalization rising 16% to N126.7 trillion by the end of June 2025.
Equities surged from N62.7 trillion in January to ₦75.9 trillion. The fixed income segment held steady at N50.5 trillion. Exchange-Traded Funds (ETFs) gained traction, rising to ₦25.7 trillion.
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The All-Share Index (ASI) recorded a 16.57% year-to-date gain, rising from 102,928.6 points in January to 119,978.6 by June 30, marking the sixth consecutive H1 rally since 2023 and signaling sustained bullish momentum in the market.
Commenting on the broader investment climate, David Adonri, Vice Chairman of Equity Capital Solutions Limited, said:
“We’re seeing a return of investor confidence, driven by relative stability in interest rates and a more predictable foreign exchange environment. This is creating fertile ground for equity growth and capital formation.”
He added that the NGX’s digital transformation and alignment with fiscal policy have made the Nigerian capital market more resilient and attractive to both domestic and foreign investors.
As Nigeria’s economy continues to evolve, market stakeholders expect the Exchange to play an even greater role in capital mobilization for national development, particularly in sectors such as infrastructure, healthcare, fintech, and clean energy.