Foreign investment outflow from the nation’s stock market (NGXchange) rose by 250.86 percent, Quarter-on-Quarter, QoQ, to N420.37 billion in the first Quarter, Q1’25, from N119.81 billion in the corresponding period of 2024, Q1’24.
The Nigerian Exchange Limited, NGX disclosed this in its foreign portfolio report which showed that foreign investment outflow also exceeded inflow by 20 per cent or N20.11 billion in Q1’25.
According to the NGX, foreign investment inflow also rose by 275 per cent, YoY to N349.97 billion in Q1’25 from N93.37 billion in Q1’24.
The Exchange further revealed N2.23 trillion equity transactions were recorded by both domestic and foreign investors in Q1’25.
The figure surpassed the N1.54 trillion recorded in the same period of 2024, representing an increase of N690 billion or 44.8 percent.
In its ‘Domestic & Foreign Portfolio Investment Report’ NGX said foreign transactions accounted for N814.05 billion and domestic transactions recorded N1.41 trillion.
In its review of transactions in March, the report said, “total transactions at the nation’s bourse increased significantly by 118.95%, month-on-month, MoM, to N1.1155 trillion (about $725.86 million) in March 2025 from N509.47 billion (about $341.36 million) in February 2025″.
“The performance of the current month when compared to the performance in March 2024 (N538.54 billion) revealed that total transactions increased by 107.14% year-on-year, YoY” NGX said.
“In March 2025, the total value of transactions executed by Foreign Investors outperformed transactions executed by Domestic Investors by circa 26%.”
NGX said domestic transactions decreased by 10.98 percent MoM to N415.62 billion in March 2025 from N466.82 billion in February 2025.
On the other hand, NGX said foreign transactions “increased significantly by 1,541 percent to N699.89 billion (about $455.41 million) in March 2025 from N42.65 billion (about $28.57 million) in February 2025”.
However, domestic inflow dropped by 26.78 percent in the reviewed period, after the Exchange recorded N205.95 billion in March, down from N236.32 billion in February and N281.28 billion in January.
In addition, domestic outflow was N209.67 billion in March, down from N230.50 billion in February and N254.26 billion in January indicating a decline of 17.53 percent in Q1.
