Try GOLD - Free
Nigerian Stock Market Gains 16.57% in H1 2025 Amid Sector Rotation, Policy Headwinds
The Business NG
|The BusinessNG
Nigeria's capital market delivered a resilient performance in the first half of 2025, with the benchmark Nigerian Exchange All Share Index (NGXASI) gaining 16.57% year-to-date (YTD), rising from 102,926.40 points at the start of the year to close at 119,978.57 points. The strong showing reflects renewed investor confidence, driven by solid corporate earnings, sector-specific rallies, and a steady stream of regulatory update
-
The market's performance in the first quarter was mixed. January and February delivered modest gains of 1.53% and 3.09%, respectively. However, a 1.91% dip in March—driven by profit-taking and policy uncertainty — moderated the quarter's overall performance to a cumulative growth of 2.66%.
Momentum picked up in Q2, as investors shrugged off regulatory jitters and turned optimistic following strong corporate earnings. Clarifications from banks on dividend payments, despite the Central Bank's temporary forbearance policy, helped calm the market. Positive sentiment also surged in consumer goods and growth stocks. The NGXASI rallied 0.13% in April, soared 5.62% in May, and jumped another 7.37% in June, marking its strongest monthly performance of the year. This pushed the Q2 return to a solid 13.55%.
This story is from the The BusinessNG edition of The Business NG.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business NG
The Business NG
Abuja Blackout Deepens Security Fears as Residents Slam AEDC's Silence
Residents of several communities in Abuja have expressed growing frustration and fear after a prolonged power outage plunged parts of the Federal Capital Territory (FCT) into darkness, worsening security concerns and disrupting livelihoods.
1 min
BusinessNg
The Business NG
Telecom Failures Put Minister Bosun Tijani Under Public Scrutiny
Once celebrated as one of Nigeria's brightest tech minds, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, is now facing mounting public criticism as Nigerians question the tangible impact of his tenure.
1 min
BusinessNg
The Business NG
CBN Targets N825Bn in Final 2025 Bond and Treasury Bills
The Central Bank of Nigeria (CBN) has announced plans to raise a total of 825 billion from the domestic debt market in the final round of Federal Government securities issuance for 2025, underscoring the government's continued reliance on local borrowing amid elevated interest rates.
1 min
BusinessNg
The Business NG
Tax Reform Countdown: SMEs Gain, High Earners Pay More
Nigeria is set to witness a historic transformation in its fiscal landscape as the Federal Government rolls out sweeping tax reforms designed to boost fairness, ease the burden on low-income earners, and stimulate business growth.
1 min
BusinessNg
The Business NG
Naira Holds Firm as Nigeria's Forex Reserves hit $45.4Bn
The naira remained under pressure at the Nigerian foreign exchange market (NFEM), closing at 1,455 per US dollar on Wednesday, reflecting ongoing demand for dollars amid liquidity challenges.
1 min
BusinessNg
The Business NG
Three Months to Recapitalisation: Weaker Banks Explore Mergers as Investors Hesitate
With just three months remaining before the Central Bank of Nigeria's (CBN) recapitalisation deadline, several weaker banks in the country are reportedly considering mergers as a strategy to strengthen their financial position and remain compliant with regulatory requirements.
1 mins
BusinessNg
The Business NG
Imports Dominate as Nigerians Use Less Dangote Petrol
- Report
1 min
BusinessNg
The Business NG
CAC PoS Registration Directive Sparks Industry Rift Ahead of 2026 Deadline
The Corporate Affairs Commission's (CAC) latest compliance directive for Point of Sale (PoS) operators has ignited sharp divisions within Nigeria's mobile money sector, raising concerns about a potential regulatory showdown that could reshape agent banking in the country.
1 min
BusinessNg
The Business NG
Civil Defence Can Protect VIPs' — Tinubu Insists on Ending Police Escorts
President Bola Tinubu has reaffirmed his directive ordering the withdrawal of police officers attached to very important persons (VIPs), insisting that the police must return to their primary duty of protecting citizens and strengthening security across communities.
1 min
BusinessNg
The Business NG
Cross River, Benue Top FAAC Receivers Despite Minimal VAT Contribution in October 2025
The latest revenue allocation data from the Federation Account Allocation Committee (FAAC) reveals a stark contrast between states' contributions to the Value Added Tax (VAT) pool and the amounts they received in October 2025.
1 min
BusinessNg
Listen
Translate
Change font size