Nigeria’s capital markets extended their bullish run on Thursday, October 16, 2025, as sustained investor confidence lifted both equities and fixed income segments. The NGX All-Share Index (ASI) climbed by 0.41% to close at 148,355.04 points, maintaining momentum after surpassing the 145,000-point mark earlier this month.
Market capitalisation expanded to ₦94.17 trillion, reflecting strong buying pressure in key sectors such as banking, oil and gas, industrials, and telecommunications. On the other hand, the fixed income market also advanced to ₦51.51 trillion, underpinned by steady macroeconomic indicators, moderate inflation, and ample liquidity.
Institutional investors, including pension funds, have been actively rebalancing their portfolios toward medium-tenor bonds, taking advantage of favourable yield conditions and stable returns.
Market sentiment remains upbeat as investors anticipate robust third-quarter results, particularly from Tier-1 banks and large-cap industrials. The naira’s recent stability and improving global rate outlook have further strengthened foreign inflows into Nigerian assets.
Although Exchange Traded Products (ETPs) dipped slightly to ₦1.95 billion, analysts believe this reflects a strategic shift toward more liquid and high-yielding investments.
With the All-Share Index now eyeing the 150,000-point threshold, analysts predict continued resilience through Q4 2025. Nonetheless, they caution that investors should remain selective amid global uncertainties and domestic policy risks.
