In a year of strong equity market gains across much of Africa, Nigerian Exchange (NGX) combined a sharp increase in secondary market activity with broader access to capital raising and a more diversified product set.
Its All-Share Index rose 51.19% in 2025, but more significant for the exchange itself was the deepening of the market. Equity turnover more than doubled to NGN5.96 trillion ($4.49 billion), while foreign participation increased to 20.77% by November 2025, from 15.25%
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