President Bola Tinubu on Tuesday lauded the “remarkable growth” of Nigeria’s capital market, attributing the surge in activity on the Nigerian Exchange to renewed investor confidence in his economic reforms.

Speaking in Brazil during a state visit, Tinubu made the remarks while receiving the Director-General of the Securities and Exchange Commission, Dr. Emomotimi Agama, along with the Board of Directors of the Nigerian Exchange Group.

He noted that the expansion in market capitalisation and trading volumes underscored the strength and impact of his administration’s policies.

The State House, in a statement dated August 26, 2025, and signed by Presidential Adviser Bayo Onanuga, confirmed the meeting.

Posted on X on Wednesday morning, the statement was titled: “President Tinubu Hosts NGX Group Board and SEC Director-General in Brazil, Invited to NGX Trading Floor.”

“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,” Tinubu declared.

Tinubu reaffirmed his commitment to strengthening the capital market, promising further reforms to advance Nigeria’s financial ecosystem under the Renewed Hope Agenda.

SEC Director-General Dr. Emomotimi Agama praised the President’s recent assent to the Investment and Securities Act (ISA) 2025, calling it “one of Africa’s most comprehensive legal frameworks for capital markets” and a catalyst toward achieving a ₦300 trillion market.

Chairman of NGX Group, Alhaji Umaru Kwairanga, noted that trading volumes and market values had “nearly tripled since the commencement of the current administration,” while urging the government to accelerate the listing of major state-owned enterprises, including NNPC Limited.

He further extended an invitation to President Tinubu to visit the NGX trading floor.

The statement further highlighted that NGX Group CEO, Temi Popoola, alongside Director Nonso Okpala, echoed the commendations, noting that the reforms had enhanced exchange rate stability, spurred innovation, and strengthened investor confidence.