Nigeria Overtakes South Korea as World’s Top Equity Market with 67% US$ Return

Nigeria’s stock market has emerged as the best-performing equity market globally in US dollar terms this year. Investors have driven a 67% gain so far, rewarding the country’s economic reforms, stronger oil prices, increased forex liquidity and a firmer naira. Bloomberg data shows Nigerian equities narrowly outpaced South Korea’s 66% return. Confidence also rose after S&P Dow Jones Indices hinted at upgrading Nigeria to frontier market status. This milestone marks a remarkable turnaround for Africa’s largest economy after years of currency volatility and weak investor sentiment.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.