A Nigerian startup, NGNMarket.com, has launched an artificial intelligence-powered analyst designed to help users interpret stock and forex data, as rising retail participation in the country’s capital market exposes gaps in investor knowledge.
Founded in 2025 by Elijah Asaolu and Joel Olawanle, the platform initially set out to make financial data more accessible. Within its first week, it recorded over 7,000 page views, signalling strong demand for simplified market information.
Six months later, the company has introduced a conversational AI tool that allows users to query market data and receive structured, real-time responses. The feature is built around Nigeria-specific financial datasets, including equities traded on the Nigerian Exchange.
The launch comes at a time of rapid growth in Nigeria’s capital market. The NGX All-Share Index crossed 200,000 points in March 2026, while total stock transactions reached N2.4 trillion in the first two months of the year, more than double the level recorded in the same period of 2025. Retail investor participation has also expanded significantly, with domestic investors accounting for nearly 90 percent of market activity.
Despite this momentum, participation remains low relative to global benchmarks. Data from the Securities and Exchange Commission Nigeria shows that fewer than 5 percent of Nigerian adults invest in stocks, compared to about 62 percent in the United States, highlighting a gap driven largely by limited access to understandable financial information.
The new AI tool is designed to address this challenge by connecting to multiple live data sources, including stock prices, financial ratios, forex rates, and bond market data. Unlike general-purpose AI systems such as ChatGPT, which may lack access to local financial datasets, the NGN Market analyst retrieves real-time Nigerian market data before generating responses.
Users can perform a range of tasks, from checking stock prices and market trends to conducting deeper analysis such as screening undervalued companies, comparing financial performance, and reviewing portfolio health. The system also allows users to set alerts, track investments, and manage watchlists within the same interface.
The product is currently available to registered users, with free accounts offering limited daily queries and paid tiers providing expanded access and historical data.
The company said early adoption has been strong, with thousands of queries recorded shortly after launch. Future updates are expected to include more advanced analytics, personalised portfolio insights, and broader market coverage.
As Nigeria’s investor base grows, the founders are positioning the platform as a tool to bridge the gap between data availability and investor understanding, aiming to make financial markets more accessible to everyday users.
