The Nigerian stock market has outperformed inflation in 2024, delivering an impressive 36% return, according to the Association of Securities Dealing Houses of Nigeria (ASHON). This performance is hailed as a major achievement, especially in light of the economic challenges faced by the country.
On the last trading day of 2024, Ify Ifejezie, the 2nd Vice Chairman of ASHON, expressed pride in the market’s performance, noting significant growth in indicators like the All-Share Index and Market Capitalization. He emphasized the association’s role in market development, representing securities dealers and liaising with regulators and government officials.
Oluropo Dada, the President of the Chartered Institute of Stockbrokers (CIS), highlighted the stock market’s resilience, reliability, and profitability. Despite economic challenges, the market exceeded expectations, offering positive returns and attracting significant capital, with nearly N2 trillion raised by banks.
Looking ahead to 2025, experts predict that the stock market will remain a strong investment avenue, with a stable outlook driven by local investors. With inflation expected to be at 15%, the capital market is poised to continue its growth trajectory, making it an appealing choice for investors.
