Nigeria, Aug. 1 -- July 2025 turned out to be a turning point for Nigeria's capital market when the Nigerian Exchange (NGX) saw a huge rise that added N12.5 trillion in worth to listed stocks.

This remarkable market surge indicates a new surge of investor confidence based on good policies, strong corporate earnings, and better economic data.

Market capitalization increased by 14% in just one month, from N75.95 trillion at the end of June to N88.42 trillion at the end of July, according to NGX statistics. Reflecting more trading activity and rising investor confidence, the AllShare Index (ASI) rose sixteen percent to close at 139,863.52 points.

Market analysts argue that several major events caused this increase. At the home front, the ...