Foreign equity trades remain sluggish as domestic investors dominate
Foreign investors continued to hold back from Nigeria’s equity market, with trades on the Nigerian Exchange Limited staying below N200bn for a second consecutive month. Institutional investors and other domestic players drove the bulk of market activity, highlighting the growing influence of local capital. The latest figures reveal a sharp contrast between subdued foreign participation and robust domestic engagement. Market analysts point to macroeconomic and currency concerns as key factors behind the trend.
TLDR
- Foreign equity trades dropped by 13.17 per cent to N162.04bn in November 2025, compared to N186.62bn in October 2025.
- Total market transactions fell by 5.95 per cent to N971.18bn in November 2025, down from N1.03tn in October 2025.
- Domestic investors accounted for 83.32 per cent of trades in November 2025, while foreign investors made up just 16.68 per cent.
- Institutional investors increased their participation by 3.30 per cent, reaching N531.21bn in November 2025.
- Year-to-date equity transactions hit N10.54tn as of November 2025, more than double the N4.91tn recorded in the same period of 2024.
