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Amid Soaring Inflation, Nigeria's Stock Market Accounts for 25% of GDP
The Business NG
|The BusinessNG
Despite inflationary pressures and economic uncertainties, Nigeria's stock market has emerged as a strong pillar of the nation's economy, now accounting for 25% of the country's Gross Domestic Product (GDP).
This milestone was revealed by the Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, during a courtesy visit to the Nigerian Exchange Group (NGX) in Lagos on Tuesday. Agama said the growth reflects increased investor confidence and the growing importance of the capital market in Nigeria's economic landscape.
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