NGX Transactions Soar 118.95% to N1.12trn in March as Foreign Inflows Hit N700bn
Samuel Mobolaji
Total transactions on the Nigerian Exchange Limited (NGX) skyrocketed by 118.95 per cent in March 2025, reaching N1.115 trillion, up from N509.47 billion in February, driven by a dramatic rebound in foreign portfolio investments.
The surge, equivalent to approximately $725.86 million compared to $341.36 million in February, marks the highest monthly transaction value recorded so far in the year, according to the March 2025 Foreign Portfolio Investment Report released by the Exchange.
Foreign investors accounted for a dominant N699.8 billion or 62.74 per cent of total transactions, overtaking domestic investors who contributed N415.6 billion or 37.26 per cent.
This reversed the trend seen in February when domestic investors led with 91.63 per cent or N466.8 billion, while foreign participation stood at just N42.65 billion, representing a sharp 40.35 per cent drop from January.
The dramatic return of foreign capital in March represents a more than sixteen-fold increase in foreign investment within a month. Foreign inflows climbed to N349.97 billion in March from N18.05 billion in February, while outflows similarly jumped from N24.6 billion to N349.92 billion, signalling nearly balanced trading by offshore investors with a marginal net inflow of N50 million.
Total foreign activity reached N699.8 billion, underscoring renewed global investor confidence in the Nigerian capital market.
In a broader context, NGX data show the domestic segment of the market expanded from N3.5 trillion in 2007 to N4.7 trillion by 2024, while foreign investment rose from N616 billion to N852 billion in the same period.
The March performance suggests a potential turning point, with foreign activity poised to play a greater role in shaping the capital market’s trajectory going forward.
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