Nigeria’s capital market is demonstrating record strength, but the Nigerian Exchange Group (NGX Group) is making a broader argument: that market prosperity and social impact are not competing agendas, but mutually reinforcing pillars of long-term economic growth. In an emerging market like Nigeria’s, the Group believes that profitability is inseparable from societal wellbeing and the expansion of the investing class.
This philosophy is reflected in both its market performance and its social programmes. The sustained rise in market value has been driven by increased transparency, digital innovation, and a deliberate focus on broad-based participation. With the equities market now approaching the historic N100 trillion mark, a new class of Nigerian investors is being created. As of Friday, October 24, market capitalisation and the NGX All-Share Index stood at N98.792 trillion and 155,645.05 points, respectively. By September 2025, total market capitalisation reached N141.75 trillion, up from N102.94 trillion a year earlier – representing 37.7 percent year-on-year growth.
“We track not just financial outcomes, but the breadth of impact,” said Temi Popoola, Group Managing Director and Chief Executive Officer of NGX Group. “It’s about how far the benefits of growth extend from the boardroom to the community.”
Through this lens, NGX Group is positioning itself as a model for how capital markets can reinforce social stability, deepen investor trust, and translate economic expansion into shared prosperity. Its strategy suggests that empathy, when institutionalised, can become a sustainable economic advantage.
NGX Group’s social impact agenda is backed by an ambitious digital modernisation strategy designed to democratise market access. A central part of this evolution is NGX Invest, the Group’s e-offering platform that broadens participation in the primary market. Since launch, it has supported corporates in raising over N2 trillion in capital, offering a more efficient and transparent subscription process for issuers and investors.
By simplifying public offers and rights issues for retail investors, NGX Invest is expanding participation and lowering structural barriers. “Technology allows us to scale opportunity,” Popoola noted. “But more importantly, it allows us to scale trust.”
From investors in Kano to wealth managers in Victoria Island, digitalisation is narrowing geographic and socioeconomic gaps, deepening the pool of investible capital and boosting market resilience. The Group is also applying its data-driven approach beyond capital formation. Through Project BLOOM, NGX is leveraging technology to collect health data, measure social outcomes, and track impact, reinforcing its belief that digital innovation can advance both market development and human development.
NGX Group’s approach points to a future where financial performance and social progress move in tandem, creating a more inclusive market that rewards investors while strengthening communities. As Nigeria’s market continues its upward trajectory, the Group is making the case that the capital markets can be and must be a catalyst for national growth and shared prosperity.
