The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) warmly congratulate the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the ₦100 trillion market capitalisation mark.
This remarkable milestone is a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
This achievement would not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.
We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection. Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.
Policy stability, ongoing reforms, and a clear commitment to private sector–led growth have played a crucial role in creating the conditions for this historic market expansion. We also commend SEC for providing sound regulations and market development.
Crossing the ₦100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation. It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives.
The CIS and ASHON will continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game. We remain fully committed to sustaining this momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.
We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.
SAMUEL SEHINDE ADENAGBE OLUROPO DADA, Chairman 13th President/Chairman of Council Association of Securities Dealing Houses of Nigeria Chartered Institute of Stockbrokers
