The Securities and Exchange Commission (SEC) has disclosed that Nigeria’s capital market recorded 125 per cent growth in market capitalisation since April 2024, rising from about N55 trillion to over N123.93 trillion.
The director-general of SEC, Emomotimi Agama, made this known while addressing members of the capital market working group on market liquidity in Lagos.
He also stated that the market’s contribution to the nation’s gross domestic product (GDP) increased significantly from 13 percent to 33 per cent within the same period.
Agama said the record highlights the sector’s growing importance in driving economic development and that the growth indicators reflect solid investor confidence and demonstrated the strength and stability of the Nigerian capital market under the present administration.
However, he said an increase in market size by itself is insufficient without adequate depth and liquidity to support it and warned that weak liquidity could deter investors concerned about exiting positions without distorting prices.
