Index to Nigerian Newspapers

Nigeria's stock market is experiencing high inflation and uncertainty, with a capitalization of $56.6 billion, representing only 3% of the GDP and 177 listed firms. This is lower than the Johannesburg Stock Exchange (JSE) with a total capitalization of $1.06 trillion, representing over 235% of the country's GDP and over 370 listed companies. Nigeria's market has made significant progress in capital market development, expanding asset classes to include exchange-traded funds and modernizing its market infrastructure. However, its current size, liquidity, and sectoral representation limit its contribution to national economic development. The top four capitalised stock exchanges in Africa are South Africa, Egypt, Morocco, and Kenya, each with a larger market cap. Nigeria's market cap has lag behind others despite efforts by the NGX management to improve liquidity and make it competitive in the global market.

Nigeria's stock market is experiencing high inflation and uncertainty, with a capitalization of $56.6 billion, representing only 3% of the GDP and 177 listed firms. This is lower than the Johannesburg Stock Exchange (JSE) with a total capitalization of $1.06 trillion, representing over 235% of the country's GDP and over 370 listed companies. Nigeria's market has made significant progress in capital market development, expanding asset classes to include exchange-traded funds and modernizing its market infrastructure. However, its current size, liquidity, and sectoral representation limit its contribution to national economic development. The top four capitalised stock exchanges in Africa are South Africa, Egypt, Morocco, and Kenya, each with a larger market cap. Nigeria's market cap has lag behind others despite efforts by the NGX management to improve liquidity and make it competitive in the global market.

Nigeria's President Tinubu has re-echoed his views on subsidy removal in his inaugural speech as the 16th president. Marketers have been affected by the announcement, with many filling stations stopping dispensing. The government has not provided a clear pathway for the removal of subsidies, leading to concerns about chaos and marketers hoarding products. Stakeholders have backed the plan, but warned that without proper consultation and planning, the removal could backfire. Energy expert Ameh Madaki believes a phased approach with proper consultation and pricing planning would prevent disruption to the economy. Nigeria's President Tinubu is ready to tackle economic challenges by allowing national and subnational governments to generate, transmit, and distribute electricity using local resources. This would improve electricity supply and drive investment in the electricity sector. Subsidies have deprived the economy and petroleum sector of investments, jobs, and revenues.