LAGOS, NIGERIA – November 27, 2025 – The 2025 Parthian Economic Discourse (PED25), convened today by Parthian Partners, brought together Nigeria’s leading economic minds to chart the path from policy reforms to tangible economic results. Under the theme “Reforms to Results: Powering Economic Growth for Shared Prosperity,” speakers emphasized that 2026 will be a pivotal year for institutional deepening, market expansion, and domestic capital mobilization.

Bismarck Rewane, Non-Executive Director at Parthian Partners and Managing Director of Financial Derivatives Company, headlined the event with a bullish forecast for the capital market, projecting that market capitalization would climb to N262 trillion in 2026.

“Market cap to climb to N262trn in 2026 due to new listings, earnings, and efficiency,” Rewane stated, signaling a robust recovery driven by corporate performance rather than just sentiment. However, he cautioned that the success of these projections relies heavily on how institutions manage the economic environment.

“Reform does not just mean policy change but includes institutional reforms and market response,” Rewane said. He stressed the importance of discernment in the coming year, noting, “Outlook is not as important as the judgement. What you do with information is the most important thing.”

Rewane also highlighted the critical nature of government spending transparency. “The quantum of government expenditure is not as important as its dominance. What you see is what you get, what you don’t see is what gets you,” he warned.