By Seun Ibiyemi
Nigeria’s capital market is gaining renewed global investor attention, thanks to improved economic policies, ongoing reforms, and strong market performance, according to Temi Popoola, Group Chief Executive Officer of the Nigerian Exchange Group (NGX).
Popoola made the comments on Tuesday during a live interview on BBC Newsday in London, coinciding with President Bola Ahmed Tinubu’s state visit to the United Kingdom.
He said the positive momentum in Nigeria’s equity market, coupled with clearer policies and reforms, is gradually reshaping investor sentiment.
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“What we are seeing is a gradual re-rating of Nigeria. Investors are beginning to assess data, returns, reforms, and improving macroeconomic direction, and that is changing sentiment,” Popoola said.
According to him, the Nigerian market has delivered strong returns in recent months, enhancing its competitiveness among emerging and frontier markets.
This performance is helping recalibrate long-standing risk perceptions and attracting renewed international investment.
Popoola also highlighted reforms in the energy sector, including increased domestic refining capacity, which are reducing Nigeria’s exposure to global oil price volatility.
He emphasized the importance of policy clarity and consistency, stating, “Global capital responds to clarity and consistency. As those elements become evident, Nigeria becomes more investable.”
The NGX CEO noted that sustained engagement with global financial centers such as London is vital to connecting Nigeria’s capital market with international capital pools.
“There is broader recognition that Nigeria offers significant opportunities. The focus now is ensuring this recognition translates into sustained capital flows,” Popoola added.
He concluded that the Nigerian capital market is increasingly viewed through a data-driven and balanced lens, reflecting resilience, long-term growth potential, and the country’s attractiveness as a destination for global investors
