Nigeria Capital Market Raises N753bn

Nigeria's capital market raised over N753 billion through commercial paper issuances between April and October 2025, demonstrating strong investor confidence and market resilience. The United States — United States Securities and Exchange Commission, led by Emomotimi Agama, approved these significant capital-raising transactions across debt, equity, and commercial paper segments. Landmark debt market transactions included a N500 billion Climate Funding Special Purpose Vehicle and a N200 billion Elektron Finance bond issuance. Macroeconomic improvements, such as Nigeria's sovereign credit rating upgrade and removal from the Financial Action Task Force grey list, have further boosted investor sentiment. Despite a November downturn, the Nigerian Exchange Group rebounded, remaining positive year-to-date, and implemented a major reform by migrating its equities settlement cycle from T+3 to T+2, with plans for further shortening to T+1 and T+0. These developments aim to enhance liquidity, reduce counterparty risk, and position Nigeria as a leading investment destination in Africa.