Nigeria’s N6trn equities deal highest in 18 years

…as seven-month deal doubles 2024 figure

In just seven months to July 2025, Nigeria recorded N6trillion worth of equities transaction, the highest since 2007. Also, the record value of equities transactions in seven months to July doubles the N3trillion recorded in twelve months to December 2024.

Month-on-month (MoM), investors at the Nigerian Exchange Limited (NGX) traded N1.815trillion in July, the highest months transaction. In July, foreign investors traded stocks worth N1.459billion or 8.04 percent while domestic investors were responsible for equities transactions valued at N1.669trillion or 91.96 percent.

The significant increase in the total value of domestic transactions in July 2025 was due to block trades, according to Nigerian Exchange Limited (NGX) in its Domestic & Foreign Portfolio Investment Report for July.

The record high value of trade seen in July is compared to N778.65billion stocks traded in June. In June, foreign investors exchanged stocks worth N1.393billion or 17.89 percent of the total, while local investors traded equities valued at N639.34billion or 82.11 percent.

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In January 2025, N607.05 billion stocks were traded on the NGX – foreigner portfolio investors accounted for N715.1million or 11.78 percent while domestic investors were responsible for N535.54billion or 88.22percent of the total equities traded in January. In February, the total value of stocks traded was N509.47billion.

While foreigners were responsible for N426.5million or 8.37 percent of February trade value, domestic investors accounted for N466.82billion or 91.63 percent in the same month. In March 2025, the total value of equities traded by investors was N1.115billion.

Foreign investors accounted for N699.89billion or 62.74 percent while domestic investors traded N415.62billion or 37.26 percent or the total value of stocks traded in March. In April, the total value of stocks traded on the NGX were valued at N482.04billion.

Foreign portfolio investors accounted for N630.7 million or 13.08 percent, while domestic investors were responsible for N418.97 billion or 86.92 percent. In May, stock worth N700.50billion were exchanged on the NGX. Foreign investors traded equities worth N1.1891billion in May, representing 16.98 percent of the total value of stocks traded, while local investors were responsible for equities worth N581.59billion or 83.02 percent.

Detailed look at the seven months period shows that foreign investors accounted for N1.281trillion or 21.33 percent, while domestic investors accounted for N4.726trillion or 78.67 percent. Foreign inflow into Nigeria’s stocks in seven months was N609.73billion while foreign outflow was N671.56 billion. Domestic retail investors accounted for equities transactions worth N1.988billion while domestic institutional investors traded N2.738billion stocks.