1. On May 27, 2022, the NGX All Share Index (ASI), which monitors the broad market movement of all listed stocks, reached 54085.3, its highest level since March 2008. The record gain, which increased the market capitalization to N29.158 trillion, supported investors' gains of N1.807 trillion in May 2022 and was fuelled by a confluence of favorable macroeconomic conditions, high dividend payouts, higher-than-anticipated corporate earnings in the year's first quarter, and relatively low-interest rates.

3. The African Exchanges Linkage Project (AELP) went live on November 18, 2022, with the NGX serving as one of the seven Exchanges participating in Phase 1 of the AELP. The platform officially switched on at 0000 UTC on the day and integrates the African capital markets by facilitating cross-border trading and free movement of investments in Africa through the Linkage platform. The AELP is a flagship project of the African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) to facilitate cross-border trading among seven participating Exchanges and select broker firms. The seven Exchanges that pioneer Phase 1 of the platform are Bourse Regionale des Valeurs Mobilieres (BRVM), Bourse de Casablanca, The Egyptian Exchange (EGX), Johannesburg Stock Exchange (JSE), Nairobi Securities Exchange (NSE), Nigerian Exchange Limited (NGX), and Stock Exchange of Mauritius (SEM). With the AELP test environment already operational since July 2022, enabling the stockbrokers and securities dealers to familiarize themselves with the platform and execute mock trades, analysts say capital mobility has become a reality in Africa. 

4. Geregu Power Plc, a power generation and sales company listed 2.5bn ordinary shares of 50kobo each at N100 per share on NGX Main Board on October 5, 2022, implying a market capitalization of N250bn upon listing. Whereas the listing provided the company with access to capital, as well as greater visibility and credibility, it provides investors with the opportunity to own a piece of the company and benefit from its performance. The listing of Geregu Power Plc marked the first power generating company (Genco) to be listed on the NGX Main Board and added N250bn to market capitalization, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation. Analysts say there has been high investors’ demand for Geregu stock whose share price gained about 49% in three months, from listing to the end of 2022. 

5. The apex regulator of the Nigerian capital market, the Securities and Exchange Commission (SEC) released a new guideline titled “New Rules on Issuance, Offering Platforms and Custody of Digital Assets”, dated May 21, 2022.  The rule follows the declaration by the commission in September 2020 that it would be taking a three-pronged approach to regulating innovation in the crypto sector, including safety, market deepening, and providing solutions to problems. The rules are divided into five parts and address different aspects of digital and virtual assets. First, rules on the issuance of digital assets as securities. Second, rules on registration requirements for digital asset offering platforms. Third, rules on registration requirements for digital asset custodians. Four, rules on virtual assets service providers. Lastly, rules on digital assets exchange. The continuous innovations of the digital age have changed the dynamics of lives and integrated digital assets into the fabric of conventional financial markets. The introduction of SEC Rules on digital assets is expected to provide a clear regulatory framework for the growth of the digital asset market in Nigeria.