By Peace Udugba -The daily torch media
The Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, Temi Popoola, has said Nigeria’s capital market is experiencing a re-rating as global investors reassess the country’s economic outlook and investment opportunities.
Popoola made the remarks during a live interview on BBC Newsday in London, as part of broader investor and stakeholder engagements linked to the state visit of President Bola Ahmed Tinubu to the United Kingdom.
According to him, recent performance in Nigeria’s equity market, alongside clearer economic policy direction, is reshaping global perceptions about the country’s investment potential. He noted that investors are increasingly paying closer attention to macroeconomic reforms, market returns, and policy consistency, factors that are gradually improving sentiment toward Nigeria.
Popoola explained that the equity market’s strong returns in recent months have positioned Nigeria more competitively among emerging and frontier markets, helping to recalibrate long-standing risk concerns and attract renewed international interest.
He further pointed to improvements in the country’s energy sector, including increased domestic refining capacity and ongoing reforms, as developments that could reduce Nigeria’s vulnerability to global oil price volatility and strengthen investor confidence.
While acknowledging the positive momentum, the NGX Group chief stressed that sustained policy clarity and consistency would be critical to maintaining investor trust. He noted that global capital responds strongly to predictable economic direction, adding that Nigeria’s attractiveness as an investment destination will continue to improve as reforms deepen.
Popoola also underscored the importance of engagement with global financial centres, highlighting London’s strategic role in connecting Nigeria’s capital market with international capital flows.
He concluded that Nigeria’s market is increasingly being assessed through a more balanced, data-driven perspective, reflecting both its resilience and long-term growth potential.
