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.