Investors record ₦179 billion in profits on November 28, 2025, driven by renewed confidence in Nigeria’s economic reforms, stable FX market, and strong macroeconomic indicators. All-Share Index climbs to 143,520.53 points as trading volume surges over 460%.
Market Delivers ₦179 Billion in Gains
The Nigerian stock market delivered ₦179 billion in gains to investors on Friday, November 28, 2025, reflecting heightened local confidence in the country’s economic stability and reform trajectory.
The benchmark All-Share Index (ASI) rose to 143,520.53 points, marking one of the strongest single-day performances in recent months.
Market Performance and Key Drivers
Surge in Trading Activity
Trading activity soared as the volume of shares traded jumped by 462.83% to 1.83 billion units, while the transaction value increased by 53.49%, signaling robust investor participation.
Renewed Investor Interest
Analysts attribute the rally to renewed investor confidence spurred by successful government economic reforms and Central Bank of Nigeria (CBN) policies aimed at stabilizing the financial system.
Positive Economic Data
Favorable macroeconomic indicators, including a rise in the Purchasing Managers’ Index (PMI) to a five-year high in November 2025, point to strong private sector expansion and reinforce optimism about Nigeria’s growth outlook.
Specific Stock Performance
The rally was led by notable gains in Ikeja Hotel, NGX Group, and Academy Press, which recorded significant price appreciation during the trading session.
Background of Economic Stability
The market’s strong performance builds on a foundation of improving economic conditions and sustained investor sentiment.
Significant Foreign Capital Inflows
Nigeria attracted $20.98 billion in foreign capital in the first ten months of 2025, the highest in several years, reflecting renewed trust from international investors in the country’s reform agenda.
CBN Reforms
The Central Bank of Nigeria has implemented a series of monetary and structural reforms aimed at stabilizing the naira, curbing inflation, and restoring investor confidence.
Inflation has reportedly declined for seven consecutive months, signaling improved price stability.
FX Market Stability
The CBN’s efforts to clear the foreign exchange backlog and stabilize the FX market have further strengthened investor confidence, encouraging both domestic and foreign participation in the capital market.
Outlook
Market analysts predict that the positive momentum could continue into December 2025, supported by macroeconomic stability, policy consistency, and increased foreign portfolio inflows.
The robust trading activity and improved economic outlook suggest that Nigeria’s capital market is regaining its position as a key driver of economic growth and investment confidence in Africa.
