Foreign portfolio investment on the Nigerian Exchange Limited (NGX) experienced a remarkable surge in May 2025, climbing by an impressive 88.54% to N118.91 billion.
The increase from N63.07 billion in April highlights growing international interest in Nigeria’s equities market.
According to the latest Domestic and Foreign Portfolio Investment Report published by the NGX, both foreign inflows and outflows saw substantial boosts. Foreign inflows soared to N66.11 billion in May, a significant jump from N26.64 billion in April. Similarly, foreign outflows increased to N52.80 billion from N36.43 billion in the previous month.
Overall trading activity on the NGX also saw a substantial rise, with total transactions reaching N700.50 billion in May. This represents a 45.32% increase compared to N482.04 billion in April 2025 and an even more striking 97.11% increase from N355.38 billion recorded in May 2024.
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Despite the notable uptick in foreign investment, domestic investors continued to drive most the share of trading activity, accounting for N581.59 billion, or 83.02%, of the total transaction value in May. Foreign investors contributed the remaining N118.91 billion, or 16.98%.
Within the domestic market, retail investors led the charge, outperforming institutional investors. Retail participation surged by 86.12% to N337.46 billion in May, up from N181.31 billion in April. Institutional investment also saw an increase, albeit more modest, rising by 2.72% to N244.13 billion from N237.66 billion.
Cumulatively, year-to-date data as of May 2025 shows domestic transactions totaling N2.42 trillion, making up 70.83% of all trades. Foreign transactions amounted to N996.03 billion, or 29.17%. This compares to the same period in 2024, when domestic participation was N1.79 trillion and foreign trades were N458.29 billion.
The NGX report is compiled from data collected from all active trading license holders, providing a comprehensive overview of equity trading activity on the exchange.
