Nigeria’s stock market that once regularly notched $100 million a day in trading value some 20 years ago, now struggles to hit $15 million on a good day in 2025, a sign of the urgent reforms needed to boost innovation at the 65-year-old exchange, one of Africa’s oldest.
The Nigerian Stock Exchange (NSE) now known as the NGX was established in 1960 and has an equity market capitalization of $57 billion.
The average daily trading value of the NGX is approximately $9 million or N14 billion (Nigerian Naira), based on 2024 and early 2025 data.
The Johannesburg Stock Exchange (JSE), in South Africa trades an average daily value of about ZAR 22 billion (South African Rand), which converts to roughly $1.24 billion USD per day in 2025.
The Nairobi Securities Exchange (NSE) Kenya, has a daily market turnover value near KES 389 million (Kenyan Shilling) on specific recent days, roughly equivalent to around $3.4 million USD daily, based on trading data from mid-2025.
In Q1 2025, the Ghana Stock Exchange’s (GSE) average daily trading value rose to about GH¢7.89 million (Ghanaian Cedi), approximately $1.2 to $1.3 million USD.
Trading volumes and value dwindled following a 2008 stock market crash and have never recovered and now analysts and investors say the NGX must shake of its lethargy of the past 17 plus years since the market crash to introduce new innovation, or else be left behind by a financial world being remade by Artificial intelligence, Exchange Traded Funds (ETFs), Derivatives and Crypto.
Foreign Investors have mostly fled the Nigerian equity market and the recent decision to downgrade the market to standalone from frontier on MSCI will likely make the situation worse without significant reforms.
Foreign portfolio investment (FPI) flows on the NGX fell to 8.04% in July 2025, compared to 91.96% for domestic investors. On a year-to-date basis foreign flows were equivalent to 21.33%, compared to 78.67% for domestic flows.
This gave me a whole new perspective. Thanks for opening my eyes.
It’s refreshing to find something that feels honest and genuinely useful. Thanks for sharing your knowledge in such a clear way.
Fantastic read! 👏 I really appreciate how clearly you explained the topic—your writing not only shows expertise but also makes the subject approachable for a wide audience. It’s rare to come across content that feels both insightful and practical at the same time. At explodingbrands.de we run a growing directory site in Germany that features businesses from many different categories. That’s why I truly value articles like yours, because they highlight how knowledge and visibility can create stronger connections between people, services, and opportunities.Keep up the great work—I’ll definitely be checking back for more of your insights! 🚀
This is such a valuable article! 👏 I really like how you’ve managed to explain the topic in a clear and practical way—it feels authentic and easy to relate to. Reading it gave me some new perspectives that I can actually apply. I’m especially interested in content like this because at meinestadtkleinanzeigen.de we’re running a classifieds and directory platform in Germany that connects people with services, businesses, and opportunities across many categories. Insights like yours remind me how powerful it is when knowledge and connections come together. Thanks for sharing—looking forward to more of your work! 🚀
Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.
利用强大的谷歌蜘蛛池技术，大幅提升网站收录效率与页面抓取频率。谷歌蜘蛛池
专业构建与管理谷歌站群网络，助力品牌实现全域流量的强势增长。谷歌站群
kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.
kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.
Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.
iwin – nền tảng game bài đổi thưởng uy tín, nơi bạn có thể thử vận may và tận hưởng nhiều tựa game hấp
Very soon this web page will be famous among all blog people, due to it’s good articles or reviews
What’s up, I desire to subscribe for this web site to obtain most recent updates, so where can i do it please help.
Does your blog have a contact page? I’m having trouble locating it but, I’d like to send you an e-mail. I’ve got some creative ideas for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it expand over time.
Oh my goodness! Incredible article dude! Thank you so much, However I am encountering troubles with your RSS. I don’t know why I can’t subscribe to it. Is there anybody getting the same RSS issues? Anyone that knows the answer can you kindly respond? Thanks!!
It’s amazing to pay a visit this site and reading the views of all friends regarding this article, while I am also eager of getting familiarity.
These are in fact wonderful ideas in on the topic of blogging. You have touched some good things here. Any way keep up wrinting.
I could not refrain from commenting. Very well written!
Just wish to say your article is as astonishing. The clearness in your post is just nice and i can assume you’re an expert on this subject. Well with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the enjoyable work.
You actually make it appear so easy along with your presentation but I find this matter to be really something which I think I’d never understand. It sort of feels too complicated and very wide for me. I’m taking a look forward on your subsequent post, I’ll try to get the grasp of it!
bookmarked!!, I like your site!
If some one needs expert view regarding blogging and site-building then i advise him/her to pay a quick visit this webpage, Keep up the fastidious work.
I used to be recommended this web site by way of my cousin. I am now not certain whether this post is written through him as nobody else understand such designated approximately my difficulty. You are wonderful! Thanks!
I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the excellent quality writing, it is rare to see a nice blog like this one these days.
This information is priceless. When can I find out more?
Hi, i feel that i noticed you visited my weblog so i came to go back the choose?.I am trying to find issues to enhance my site!I assume its good enough to make use of a few of your ideas!!
It’s hard to come by experienced people about this subject, however, you sound like you know what you’re talking about! Thanks
You ought to be a part of a contest for one of the highest quality sites on the web. I am going to highly recommend this web site!
Wow, superb weblog structure! How lengthy have you been blogging for? you made running a blog look easy. The total glance of your website is wonderful, let alone the content
hello!,I really like your writing very much! percentage we keep in touch more about your article on AOL? I require a specialist on this space to resolve my problem. Maybe that’s you! Looking ahead to see you.
Usually I do not read post on blogs, however I would like to say that this write-up very compelled me to try and do it! Your writing style has been amazed me. Thanks, very nice article.
What’s up, just wanted to say, I enjoyed this blog post. It was funny. Keep on posting!
Unquestionably imagine that that you stated. Your favorite reason seemed to be at the net the simplest factor to remember of. I say to you, I certainly get irked whilst people consider concerns that they just don’t realize about. You controlled to hit the nail upon the top as neatly as defined out the entire thing with no need side-effects , folks can take a signal. Will likely be again to get more. Thanks
Wow! Finally I got a webpage from where I be able to really obtain useful information concerning my study and knowledge.
Very descriptive blog, I liked that a lot. Will there be a part 2?
I’m not sure why but this web site is loading extremely slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.
My programmer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on a variety of websites for about a year and am worried about switching to another platform. I have heard fantastic things about blogengine.net. Is there a way I can import all my wordpress posts into it? Any kind of help would be greatly appreciated!