I. Executive Summary: The 2026 NGX Strategic Investment Thesis
1.1. Core Outlook: The Confluence of Regulatory and Macro Catalysts
The investment landscape for the Nigerian Exchange (NGX) moving into 2026 is defined by a crucial shift in market dynamics. The significant equity gains observed throughout 2025 were largely driven by domestic liquidity seeking refuge from escalating inflation. The forward-looking thesis suggests a transition from this momentum-based rally to a fundamentally underpinned, regul
