Nigerian equities market poised to gain 40.4%, N25.4trn in 2025
BY TEMITOPE ADEBAYO
Investors in the Nigerian equities market are projected to gain N25.4 trillion in 2025, driven by a forecasted 40.4 per cent return, according to analysts. This optimism follows the market’s impressive performance in 2024, which saw the All-Share Index (ASI) rise by 37.72 per cent from 74,773.77 points to 102,926.40 points, while market capitalisation surged by N21.845 trillion to close at N62.763 trillion.
Analysts attribute the anticipated growth to ongoing banking recapitalisation, resilient corporate earnings, and expected monetary policy easing by the Central Bank of Nigeria (CBN) in the year’s second half. Afrinvest Limited forecasts a 30.4 per cent gain, while CardinalStone projects a 40.4 per cent return, marking the sixth consecutive year of positive growth for the equities market.
Market leaders also highlighted reforms and macroeconomic stability as key drivers. Temi Popoola, Group Managing Director of the Nigerian Exchange Group Plc, expressed confidence in sustained growth, while Mr Oluropo Dada, President of the Chartered Institute of Stockbrokers, predicted the stock market would remain the preferred investment destination, given its price stability and dominance by local investors.
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Further optimism comes from expected increases in foreign participation, with analysts projecting a rise to over 30 per cent in 2025, spurred by improved repatriation systems and robust investor confidence. Coupled with Nigeria’s projected GDP growth of 3.7 per cent and inflation moderation to 15 per cent, the equities market remains positioned as a hub for high returns.
