- The NGX has created much millionaires and billionaires successful the past six months, with important maturation successful ASI and Market cap
- While big-time investors similar Aliko Dangote, Tony Elumelu, and others person go richer, adjacent small-time investors are besides smiling
- Meanwhile, banal marketplace analysts are opting for a cautious, optimistic outlook for the 2nd fractional of 2025
Ruth Okwumbu-Imafidon, a writer with Legit.ng, has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.
The Nigerian Exchange (NGX) has had a monolithic bull tally from January to June 2025, bringing monolithic gains for investors.
Data from the NGX shows that marketplace capitalisation has grown from N62.763 trillion astatine the adjacent of December 2024 to N75.862 trillion arsenic of Monday, June 30, 2025.
This marks a 20.89% summation Year to Date (YTD), making the NGX 1 of Africa’s top-performing banal markets successful 2025.

Source: Getty Images
The NGX all-share scale also climbed significantly, gaining 17.1% from 102,926.4 ground points to adjacent astatine 119,839.1 points.
Investors summation massively arsenic stocks rise
In presumption of equity value, investors person gained N13.1 trillion successful the archetypal six months of 2025, reaping the dividends of respective economical reforms and argumentation interventions.
In the period of June 2025 alone, marketplace capitalisation grew by ₦5.5 trillion.
Analysts posit that the sustained maturation is the effect of greater overseas speech liquidity acknowledgment to the Central Bank of Nigeria (CBN) reforms and involution that person improved macroeconomic indicators.
The unification of the speech complaint has besides improved capitalist spot and appetite for the Nigerian capital market.
Investors support cautious optimism amid monolithic gains
According to the Guardian, David Adonri, the Vice President of Highcap Securities Limited, linked the sustained maturation to the solution of investors’ trapped funds.
This, helium said, helped to reignite involvement successful the NGX, starring to accrued organization information and higher trading volumes.
He said:
“If this momentum is sustained, Nigeria could re-emerge arsenic a powerhouse among emerging marketplace economies. The existent maturation highlights what is imaginable erstwhile reforms are matched by consistency and execution. It sends a connection to planetary investors that Nigeria is superior astir reclaiming its spot arsenic a premier concern destination successful Africa.”MTN Nigeria has seen its stock terms admit from ₦242 successful January to ₦357.50 by the extremity of June 2025.
Some others person doubled successful value, including Honeywell Flour Mills from N10 to N21.20, and Caverton from ₦2.38 to ₦5.22 by the extremity of June 2025.
Banking stocks person besides been among the apical gainers successful this quarter, with 2 Nigerian banks, Stanbic IBTC and Guaranty Trust Holding Company PLC, present closer to the N100 stock terms mark.
Investors instrumentality profit, pushing marketplace headdress down
Recall that Thursday, June 26, 2025, saw galore investors taking profits aft the bull tally of the week.

Source: Getty Images
The selling activities led to a N300 billion driblet successful marketplace capitalisation, with companies similar Nigerian Aviation Handling Company Plc (NAHCO), Oando Plc, and others showing the astir volume.
List of the richest NGX investors
In related news, galore investors connected the NGX person precocious emerged arsenic trillionaires.
This follows a bullish six months successful which galore institution shares appreciated aggressively.
These investors person their assets dispersed crossed banking, power, cement, and different industries.
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Source: Legit.ng