Capital Surge & Digital Momentum: NGX Raises N4.63 Trillion in H1 2025
Overview:
The Nigerian Exchange Limited (NGX) recorded a stellar first half of 2025, facilitating over ₦4.63 trillion in capital raising. This capital, raised via sovereign and corporate instruments, is fueling infrastructure development, business expansion, and innovation across critical sectors of the Nigerian economy.
Key Highlights:
1. Digital Innovation as a Game-Changer
At the heart of this achievement is NGX Invest, a digital platform introduced in 2024 to make public offerings more accessible. It has:
• Boosted investor participation in the primary market
• Played a major role in the banking sector recapitalisation, aiding in the mobilisation of ₦2 trillion+
2. Strong Market Growth
• Market Capitalisation jumped by 16%, rising from ₦112.6 trillion in January to ₦126.73 trillion in June.
• Equity Market surged from ₦62.76 trillion to ₦75.95 trillion.
• Fixed-Income Market held steady at ₦50.56 trillion.
• ETFs gained more popularity among retail investors, valued at ₦25.79 billion.
3. Sector Performance & Indices
The market resilience was evident in sectoral indices:
• NGX Consumer Goods Index: +51.21%
• NGX Pension Index: +19.32%
• NGX Banking Index: +18.06%
These reflect investor confidence in Nigeria’s economic fundamentals and market reforms.
4. Market Leadership & Strategy
Temi Popoola, NGX Group CEO, attributed this growth to:
• Close collaboration with regulators (SEC)
• Focus on market transparency, investor protection, and product innovation
• A goal to build a globally competitive, inclusive, and resilient capital market
5. Cross-Border Expansion Moves
• Strategic investment in the Ethiopian Securities Exchange (ESX)
• Ongoing discussions with Shanghai and Hong Kong Stock Exchanges to explore dual listings and deepen global investor engagement
6. Foreign Portfolio Investors Return
According to David Adonri of Equity Capital Solution Ltd, the equities market’s 16.6% rise in H1, especially a 13.6% jump in Q2, was driven by:
• Stabilising interest rates
• Improved foreign exchange dynamics
What This Means for Investors
The NGX is not only deepening domestic capital mobilisation but is also positioning itself as a key player in Africa’s regional integration and global capital access.
The continued rise in capital raising, stable macroeconomic indicators, and digital innovation point to greater investment opportunities, especially in equities, banking, and consumer goods sectors.
✅ Final Thought for the Community:
“This H1 performance is not just a number – it’s a signal. Investors, stay watchful. With NGX evolving, and digital platforms simplifying access, now is a good time to explore new frontiers and position for long-term growth.”
Overview:
The Nigerian Exchange Limited (NGX) recorded a stellar first half of 2025, facilitating over ₦4.63 trillion in capital raising. This capital, raised via sovereign and corporate instruments, is fueling infrastructure development, business expansion, and innovation across critical sectors of the Nigerian economy.
Key Highlights:
1. Digital Innovation as a Game-Changer
At the heart of this achievement is NGX Invest, a digital platform introduced in 2024 to make public offerings more accessible. It has:
• Boosted investor participation in the primary market
• Played a major role in the banking sector recapitalisation, aiding in the mobilisation of ₦2 trillion+
2. Strong Market Growth
• Market Capitalisation jumped by 16%, rising from ₦112.6 trillion in January to ₦126.73 trillion in June.
• Equity Market surged from ₦62.76 trillion to ₦75.95 trillion.
• Fixed-Income Market held steady at ₦50.56 trillion.
• ETFs gained more popularity among retail investors, valued at ₦25.79 billion.
3. Sector Performance & Indices
The market resilience was evident in sectoral indices:
• NGX Consumer Goods Index: +51.21%
• NGX Pension Index: +19.32%
• NGX Banking Index: +18.06%
These reflect investor confidence in Nigeria’s economic fundamentals and market reforms.
4. Market Leadership & Strategy
Temi Popoola, NGX Group CEO, attributed this growth to:
• Close collaboration with regulators (SEC)
• Focus on market transparency, investor protection, and product innovation
• A goal to build a globally competitive, inclusive, and resilient capital market
5. Cross-Border Expansion Moves
• Strategic investment in the Ethiopian Securities Exchange (ESX)
• Ongoing discussions with Shanghai and Hong Kong Stock Exchanges to explore dual listings and deepen global investor engagement
6. Foreign Portfolio Investors Return
According to David Adonri of Equity Capital Solution Ltd, the equities market’s 16.6% rise in H1, especially a 13.6% jump in Q2, was driven by:
• Stabilising interest rates
• Improved foreign exchange dynamics
What This Means for Investors
The NGX is not only deepening domestic capital mobilisation but is also positioning itself as a key player in Africa’s regional integration and global capital access.
The continued rise in capital raising, stable macroeconomic indicators, and digital innovation point to greater investment opportunities, especially in equities, banking, and consumer goods sectors.
✅ Final Thought for the Community:
“This H1 performance is not just a number – it’s a signal. Investors, stay watchful. With NGX evolving, and digital platforms simplifying access, now is a good time to explore new frontiers and position for long-term growth.”