CIS, ASHON attribute N100trn market cap to FG reforms

Key stakeholders in the Nigerian capital market, the Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses (ASHON) have hailed the Federal Government’s economic reforms as the catalyst behind the Nigerian Exchange (NGX) crossing the N100 trillion capitalization mark.

In a joint statement signed by ASHON Chairman, Mr. Samuel Adenagbe, and CIS President, Mr. Oluropo Dada, the bodies described the milestone as a testament to the market's resilience and depth.

The associations noted that a supportive macroeconomic environment and sound regulatory policies have successfully mobilized long-term funds and attracted both domestic and foreign investment.

“Crossing the ₦100 trillion threshold underscores the vital role of the capital market in financing growth, creating wealth, and supporting national development objectives,” the statement read.

They commended the leadership of the NGX Group and the Securities and Exchange Commission (SEC) for maintaining policy stability and market integrity.

The bodies pledged continued collaboration to deepen the market further and broaden product offerings for inclusive economic growth.