CIS, ASHON Praise NGX As Market Capitalisation Surpasses N100tn

The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Nigerian Exchange Group Plc and Nigerian Exchange Limited on the landmark achievement of the capital market surpassing N100tn in market capitalisation.

In a joint statement, ASHON Chairman Samuel Adenagbe and CIS President Oluropo Dada described the milestone as a testament to the resilience, depth, and growing sophistication of Nigeria’s capital market, highlighting that it reflects renewed investor confidence in the country’s economy. They praised the Board, management, and staff of NGX for their visionary leadership and strategic direction, specifically recognising the efforts of Umaru Kwairanga, Popoola, Jude Chiemeka, and Femi Sobanjo for implementing reforms that enhanced market integrity and efficiency.

The statement added, “This milestone would not have been possible without the professionalism and dedication of NGX leadership and the continued commitment of dealing member firms and stockbrokers, who serve as the backbone of the market by ensuring liquidity, transparency, and investor protection.”