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[QUOTE="Munyaradzi Mafaro, post: 81517, member: 636"]
Nigeria's stock market just finished a monster year as a global top performer. The All Share Index posted a 51.19 percent gain for 2025, delivering net capital gains of 32.13 trillion naira and marking the sixth consecutive year of bullish returns. NGX Group Managing Director Temi Popoola linked the sustained rally to investor confidence in macroeconomic reforms, policy consistency, and improved market infrastructure.

The benchmark index closed at 155,613.03 points, up from an opening level of 102,926.40 points, while total market capitalization jumped 58.34 percent to 99.376 trillion naira. This performance more than doubled returns in major markets like the United States, the United Kingdom, and China, which averaged below 25 percent. Association of Securities Dealing Houses of Nigeria Chairman Sehinde Adenagbe cited factors including foreign exchange market reforms, removal from a global financial watchdog grey list, and the digitization of investor onboarding as key drivers.

Market leaders highlighted the need for continued structural reforms to maintain momentum, including incentives for new listings and clarity on capital gains tax. GTI Capital's Kehinde Hassan noted the market's consistent growth reflects investor confidence in Nigeria's economic outlook. The sustained rally builds on strong performances in prior years, with the index also achieving top global rankings in 2023 and 2024.
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