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Home | Tinubu: Nigerian Stock Exchange Records Highest Gain in 15 Years

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Tinubu: Nigerian Stock Exchange Records Highest Gain in 15 Years

Tare Magbei
Tare Magbei
Published: June 2, 2025
Last updated: June 2, 2025
1 Min Read
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Tinubu: Nigerian Stock Exchange Records Highest Gain in 15 Years
Nigerian Stock Exchange
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The Nigerian Stock Exchange (NGX) All-Share Index recorded an 18.9% gain in the first half of 2023.

The feat culminated in a closing figure of 60,108.86 index points for the NGX.

Daily Report Nigeria reports that the achievement marks the highest point attained in over 15 years when it clocked an impressive 63,016.6 points.

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Financial expert have attributed the development to the implementation of favourable policies by President Bola Tinubu’s administration, among other factors.

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The harmonisation of various exchange rates, and the decision to float the naira were listed as measures pivotal to bolstering investors confidence and stimulating the stock market.

June closed with an All-Share Index of 9.32%, bringing an end to a 4-year streak of losses experienced during this month.

Jagaban Effect: Stock Market Records N1.5trn Gain After Tinubu’s Inauguration

In the face of several concerns surrounding rising inflation, hike in interest rate as well as the fallout from the 2023 general elections, investor confidence has remained resolute and fostered an increased buying activity in the market.

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