The Nigerian Stock Exchange in Lagos, symbolizing financial activity amid ongoing environmental debates.
Nigeria’s major stock market, extended gains led by cement giants and banks to push the main index past a psychological threshold of 100,000 index points for the first time. The exchange has this month maintained its position as the best-performing stock market globally, ending the trading day on 25 January at 120,149.93 index points. Although recent government reforms have helped the Nigerian equity market, issues such as inflation and fuel price rigidity still exist. The way these problems are resolved, and the government’s commitment to implementing reforms, will determine the market’s future course.