At the NGX 2022 Market Recap and 2023 Outlook held on Wednesday, 25 January 2023, the Chief Executive Officer, NGX, Mr. Temi Popoola said, “In 2022, the equities market performance was evidenced by the 19.98% increase in the NGX All-Share Index, which rose from 40270.72 to 51,251.06 just as the market capitalisation also closed at a high of N27.92tn, up from N21.06tn the previous year. The total turnover of trades in 2022 improved by 27% from N916bn to N1.16tn year-on-year from 2021. Market participation was heavily skewed to the domestic investors.