Amid prevailing macroeconomic pressures, Nigeria’s capital market continues to play a key role in investment and economic growth. In this interview with JIDE AJIA, Financial Trust Company Chairman, Niyi Ajayi, speaks on reforms, market performance, integrity, and FTC’s expansion plans across Africa
What is your assessment of NGX’s performance in the present economic environment?
The Nigerian Exchange has shown remarkable resilience despite foreign exchange volatility, inflationary pressures, and tight monetary policy. The NGX continues to post positive momentum, reflecting both the strength of listed companies and growing recognition that Nigerian equities offer long-term value.
The market has matured considerably. Infrastructure is stronger, settlement systems are reliable, and regulatory oversight has improved. The transition to T+1 settlement and ongoing digitalisation efforts will enhance efficiency. However, liquidity remains a challenge, especially among mid- and small-cap stocks, underscoring the need for broader retail and institutional participation.
What factors are boosting investor confidence?
