Operators bemoan 18 per cent stock market cap-to-GDP 64 years after

Oct. 8, 2024 - Guardian Nigeria

Recall that the Lagos Stock Exchange, now the Nigerian Exchange (NGX) was established by an Act of Parliament in 1960. Indeed, a look at the market cap-to-GDP of other economies showed that Nigeria ranked behind many emerging economies in terms of performance.

For instance, South Africa has a stock market cap of $1.36 trillion, making it one of the top 20 performers in the world.

Morocco’s exchange cap-to-GDP stood at 42.8 per cent as of 2023 while Malawi is 40 per cent as of 2023.

Mauritius, Switzerland, India and Indonesia’s stock market cap-to-GDP stood at 39 per cent, 187.2 per cent,123.

3 per cent and 55.8 per cent respectively as of 2023.

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