Foreign portfolio investments in the Nigerian stock market surged to N1.3 trillion between January and July 2025, more than doubling the N598 billion recorded in the same period of 2024.

According to data from the Nigerian Exchange (NGX), the total value of transactions on the bourse rose sharply to N6.01 trillion within the seven-month period, compared to N3.1 trillion in the corresponding period last year.

A breakdown shows that foreign inflows climbed to N609.73 billion, up from N266.64 billion a year earlier, while outflows increased to N671.56 billion against N331.36 billion in 2024. In 2023, foreign participation stood much lower at N185.62 billion, underscoring the significant growth momentum in 2025.

Market analysts attribute the surge to improved confidence in Nigeria’s capital markets, aided by relative stability in the foreign exchange market and attractive carry trade opportunities. Stronger performance in both oil and non-oil exports has also helped bolster investor sentiment.

The sharp rise in foreign participation highlights renewed international interest in Nigeria’s equities, even as the market continues to navigate economic reforms and global uncertainties.