...Value plunges 70% since 2007
Nigeria recorded equities transactions worth N11.92 trillion in 2025, the highest since 2007, but when measured in dollar terms, the milestone tells a far weaker story.
The historic turnover followed a strong market rally that delivered returns of over 50 percent to investors. However, the headline naira figure masks the erosion in value caused by years of currency depreciation.
In 2007, the average exchange rate was approximately N125 to $1. At N125/$, the N11.920 trillion stoo
