President Bola Ahmed Tinubu has met with the Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, alongside the Board of Directors of the Nigerian Exchange Group (NGX), during his ongoing state visit to Brazil.
In a statement released by the Presidency on Wednesday morning, Tinubu commended the “remarkable growth” of Nigeria’s capital market under his administration, attributing the surge in activity on the Exchange to renewed investor confidence in his economic reforms.
According to the President, the expansion in market capitalisation and trading volumes reflects the strength and credibility of his policies.
“Nigeria’s markets must be a trusted engine of enterprise and prosperity. My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation—so that our economy works for every Nigerian,” Tinubu declared.
The President reaffirmed his commitment to supporting the capital market, promising further reforms to strengthen Nigeria’s financial ecosystem in line with the Renewed Hope Agenda.
The statement, titled “President Tinubu Hosts NGX Group Board and SEC Director-General in Brazil, Invited to NGX Trading Floor”, highlighted the positive feedback from stakeholders present at the meeting.
NGX Group CEO, Temi Popoola, and Director, Nonso Okpala, lauded the government’s reforms, noting they had improved exchange rate stability, spurred innovation, and boosted investor confidence.
Similarly, SEC boss Dr. Agama praised the President’s recent signing of the Investment and Securities Act (ISA) 2025, describing it as “one of Africa’s most comprehensive legal frameworks for capital markets”—a milestone expected to propel Nigeria toward achieving a ₦300 trillion market capitalisation.
NGX Group Chairman, Umaru Kwairanga, further revealed that trading volumes and market values have “nearly tripled since the commencement of the current administration.”
He also called for the expedited listing of major state-owned enterprises, including NNPC Limited, to deepen market participation.
In closing, Kwairanga extended an invitation to President Tinubu to visit the NGX trading floor in Lagos—a symbolic gesture to further cement investor confidence in Nigeria’s evolving capital market landscape.
