Foreign portfolio investment in the Nigerian equities market fell by 92.4% in April 2025, dropping to N26.64 billion from N349.97 billion in March 2025.
According to data from the Nigerian Exchange, total transactions on the exchange in April plummeted by 56.79%, falling from N1.12 trillion in March to N482 billion.
This marked a steep decline in total foreign transactions, which fell by 90.99% to N63.07 billion from N699.89 billion in March. This was due to the absence of block trades that had boosted foreign transaction figures in March.
The total value of transactions by domestic investors surpassed those of foreign investors by 74%, with domestic transactions accounting for 87% of total activity, while foreign transactions made up 13%.
On a month-on-month basis, domestic transactions increased by 0.81%, from N415.62 billion in March to N418.97 billion in April.
Year-on-year, total transactions increased by 39.22%, compared to N346.23 billion recorded in April 2024.
A breakdown of April’s domestic transactions revealed that institutional investors outperformed retail investors by 14%, contributing 57% of total domestic transactions.
Retail transactions fell by 8.02%, from N197.12 billion in March to N181.31 billion in April, while institutional transactions surged by 8.77% from N218.50 billion to N237.66 billion.
The April 2025 trading data showed the significant role of domestic investors in sustaining market stability amid dwindling foreign investors’ participation.
