The Nigerian Exchange Limited (NGX) has officially crossed the N130 trillion market capitalisation mark, a milestone that says much about the country's economic resurgence as it does about growing investor optimism.
Nigeria's stock market capitalisation as a percentage of GDP has tripled to about 30 percent in two years but remains well below the global average for stock market cap to GDP which often sits at above 60 percent. In neighbouring South Africa, the ratio is over 100 percent of GDP, signalling room for more growth for Nigeria's mar
