The Securities and Exchange Commission (SEC) has disclosed that Nigeria’s Assets Under Management (AUM) increased from N3.2 trillion to N10 trillion within the last two years.
The Director-General of SEC, Dr Emomotimi Agama, disclosed this during an event marking Nigeria’s transition to the T+1 settlement cycle in Lagos on Monday, June 1, 2026.
Agama said the growth reflected rising investor confidence and the positive impact of ongoing reforms in the Nigerian capital market.
Agama noted that the market had achieved several historic milestones in recent months, including record growth in market capitalisation.
He said: “The Nigerian capital market has recorded historic milestones. Within two years, the nation’s AUM grew from N3.2 trillion to N10 trillion.
“In February 2026 alone, market capitalisation expanded by N17.6 trillion, representing the highest single-month gain in the market’s history.”
Agama said domestic and foreign portfolio investments on the Nigerian Exchange Limited (NGX) rose to N1.803 trillion in April 2026.
The SEC boss stated: “This represents a 3.35 per cent month-on-month increase and a remarkable 274.05 per cent year-on-year rise from N482 billion in April 2025.
“For the first four months of 2026, total market transactions reached N5.952 trillion, more than double the N2.714 trillion recorded in 2025.”
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Agama described the figures as unprecedented and evidence of the growing strength of Nigeria’s capital market, adding that the market’s contribution to Nigeria’s Gross Domestic Product (GDP) had increased significantly.
According to him, the market’s contribution to GDP rose to 33 per cent in 2025.
He said market capitalisation also recorded a 125 per cent increase from about N55 trillion in April 2024.
Agama noted that in spite of the strong performance, there remained considerable room for improvement.
Agama disclosed that foreign participation in Nigerian equities increased from 9.9 per cent in 2023 to 22.2 per cent in 2025, describing the increase as a meaningful recovery for the market.
“However, there is still significant room to close the gap, and T+1 is one of the most important tools available to achieve that,” he said.
The SEC boss expressed confidence that the T+1 settlement cycle would improve efficiency, boost liquidity and strengthen Nigeria’s competitiveness among global investment destinations.
Agama stressed that the transition represented a milestone for the market but also imposed new responsibilities on operators.
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