Tinubu hails Capital Market growth, meets SEC DG, NGX Board in Brazil

President Bola Tinubu, during his state visit to Brazil on Tuesday, held a meeting with the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and the Board of Directors of the Nigerian Exchange Group (NGX).

In a statement released by the Presidency on Wednesday, Tinubu commended the remarkable growth of Nigeria’s capital market under his administration, attributing the surge in trading activities to investor confidence in his economic reforms.

He stressed that the increase in market capitalisation and trading volumes was a reflection of his government’s policies, noting, “Nigeria’s markets must be a trusted engine of enterprise and prosperity. My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation, so that our economy works for every Nigerian.”

The President reiterated his commitment to strengthening the market, promising further reforms to expand Nigeria’s financial ecosystem under the Renewed Hope Agenda.

NGX Group CEO, Temi Popoola, and Director Nonso Okpala, praised the administration’s reforms, saying they had enhanced exchange rate stability, boosted innovation, and restored investor confidence.

On his part, SEC DG Emomotimi Agama highlighted the recent signing of the Investment and Securities Act (ISA) 2025 by Tinubu, describing it as one of Africa’s most comprehensive legal frameworks for capital markets. He said the law would drive Nigeria towards achieving a ₦300 trillion market size.

Also speaking, NGX Group Chairman, Alhaji Umaru Kwairanga, noted that trading volumes and market values had nearly tripled since the current administration came on board. He urged the government to fast-track the listing of major state-owned enterprises such as NNPC Limited on the Exchange and extended an invitation to the President to visit the NGX trading floor.