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N68.83trn growth drives Capital Market contribution to GDP to 33%

Naija News • Feb 23
N68.83trn growth drives Capital Market contribution to GDP to 33%
Spread the word Nigeria’s capital market has recorded a remarkable 125 per cent growth in market capitalisation since April 2024, rising from about N55 trillion to over N123.93 trillion, the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed. Agama also said the market’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly from 13 per cent to 33 per cent within the same period, underscoring the sector’s expanding role in economic development. He spoke in Lagos during his inaugural address to members of the Capital Market Working Group on Market Liquidity at the Commission’s office. The SEC boss described the growth figures as evidence of strong investor confidence and the resilience of the Nigerian...
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