Temi Popoola, the Nigerian Exchange Group Chief Executive Officer (GCEO), says Nigeria’s capital market is undergoing a re-rating. This comes as global investors reassess the country’s economic trajectory and investment potential.

The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.