Tinubu Meets Nigerian Capital Market Regulators in Brazil, Praises Recent Growth

Tinubu Meets Nigerian Capital Market Regulators in Brazil,

President Bola Tinubu on Tuesday commended the strong performance of Nigeria’s capital market, attributing the gains to renewed investor confidence in his administration’s economic reforms.

Tinubu made the remarks in Brazil while meeting with the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, alongside the board of the Nigerian Exchange Group (NGX). The session took place during his state visit to the South American country.

According to the President, the increase in market capitalisation and trading activity demonstrates that his policy direction is yielding positive results. “Nigeria’s financial markets must remain a reliable engine of growth and prosperity. My administration will sustain reforms that attract capital, safeguard investors, and foster innovation so the economy can serve every citizen,” he said.

The State House confirmed the meeting in a statement issued on August 26, 2025, by presidential adviser Bayo Onanuga and shared via X. The statement carried the title: “President Tinubu Hosts NGX Group Board and SEC Director-General in Brazil, Invited to NGX Trading Floor.”

Tinubu further pledged that upcoming policy adjustments under the Renewed Hope Agenda would continue to strengthen the financial sector.

Responding, SEC chief Emomotimi Agama hailed the President’s recent assent to the Investment and Securities Act (ISA) 2025, describing it as one of Africa’s most robust legal frameworks for capital market operations. He projected that the reforms could push Nigeria’s market size toward ₦300 trillion.

NGX Group Chairman, Alhaji Umaru Kwairanga, highlighted that trading volumes and valuations had nearly tripled since Tinubu assumed office. He urged the government to accelerate the listing of large state-owned entities, including NNPC Limited, on the exchange. He also extended an invitation for the President to visit the NGX trading floor in Lagos.

In the same vein, NGX CEO Temi Popoola and board member Nonso Okpala credited the government’s reforms with enhancing exchange rate stability, improving innovation, and restoring investor confidence in Nigeria’s financial system.