Nigeria Stock Market Eyes 39% Growth in 2025, Thanks to Local Investor Support.

Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

The Nigerian stock market has entered a new era of stability and growth, driven by strong participation from local retail and institutional investors. According to Olatunde Amolegbe, Managing Director of Arthur Stephen Asset Management Limited, the market’s growth trajectory is expected to continue, with a projected 39% return in the All-Share Index (ASI) by the end of 2025.

Speaking at the CAMCAN 2024 Market Review and 2025 Outlook event in Lagos, Amolegbe noted that the increasing dominance of local retail and institutional investors marks a significant departure from the market’s earlier reliance on foreign portfolio investors, which often led to heightened volatility.

“The growing participation of local investors is fostering more stable and reliable market dynamics,” Amolegbe said. “Markets dominated by local institutional investors provide a solid base and reduce volatility.”

Amolegbe attributed the market’s transition to the increasing localization of Nigeria’s economy and, by extension, the stock market. “We are seeing a gradual localisation of our economy and stock market,” he noted

The expert pointed out that the shift is evident in the exit of some blue-chip multinationals and the admission of larger indigenous companies, which have significantly boosted market capitalization. These new listings, Amolegbe said, have substantial local contributions, further solidifying the market’s foundation.

Looking ahead to 2025, Amolegbe projected a bullish trend, citing key factors such as ongoing bank recapitalization efforts, new equity listings, and expected monetary policy easing by the Central Bank of Nigeria (CBN).

Please don’t forget to “allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.