The Nigerian Exchange Limited (NGX) reported a surge in market activity with total transactions on the nation’s bourse rising by 240.8 percent to ₦6.01 trillion in the first seven months of 2025, up from ₦1.76 trillion in the same period of 2022.
According to the NGX domestic and foreign portfolio report, both domestic and foreign investor participation increased due to stronger liquidity flows and heightened market activity.
Foreign portfolio inflows rose by 354.4 percent to ₦609.73 billion in the period under review, against ₦134.19 billion recorded in the same period of 2022.
Outflows equally surged by 382.2 percent to ₦671.56 billion, compared with ₦138.97 billion in the same period of 2022.
This pushed total foreign transactions (inflows and outflows) to ₦1.28 trillion, up from ₦273.16 billion in 7M’22.
On the domestic front, retail investors’ transactions increased by 311.6 percent to ₦1.99 trillion, up from ₦482.79 billion in 2022.
Institutional investors also recorded stronger participation with transactions rising by 171.9 percent to ₦2.74 trillion, compared with ₦1.01 trillion in the corresponding period of 2022.
The NGX report further highlighted that Year-to-Date (YtD) July 2025, foreign inflows stood at ₦609.73 billion, representing a 128.7 percent increase from ₦266.64 billion in YtD July 2024.
Foreign outflows also advanced by 102.7 percent to ₦671.56 billion, up from ₦331.36 billion recorded in the corresponding period of 2024.
Over the last two decades, the trend in NGX participation shows that domestic investors continue to dominate market activity.
Between 2007 and 2024, domestic transactions rose by 33.15 percent to ₦4.74 trillion, while foreign transactions grew by 38.31 percent to ₦852 billion.
In 2024, domestic participation accounted for 85 percent of total transactions, compared with 15 percent for foreign investors.
In 2025, however, foreign participation has expanded significantly with transaction data showing foreign deals at ₦1.28 trillion, while domestic activity stood at ₦4.73 trillion within the review period.
The sharp rise in both domestic and foreign trades underscores renewed confidence in the Nigerian stock market, even amid macroeconomic uncertainties.
Analysts note that higher liquidity, stronger institutional flows, and sustained retail activity have positioned the NGX for one of its most active years in recent history.
