Foreign inflow into the Nigerian Exchange Limited (NGX) market declined significantly by 73.13 per cent to N87.45 billion in October 2025, compared to N325.46 billion in September.
This was revealed in the monthly Domestic and Foreign Portfolio Investment Report for October 2025 released by the Exchange.
A cursory review of the report reveals that, while foreign inflow declined, foreign outflow from the market rose to N99.17 billion in October, up from N62.16 billion in September.
On the overall, total transactions on the nation’s bourse declined by 36.31 per cent to N1.03 trillion in October, compared to N1.62 trillion in September.
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The NGX stated that the drop in total transactions was primarily due to the absence of block trades, which had substantially boosted domestic transactions in the previous month.
“Total transactions at the nation’s bourse decreased significantly by 36.31% from N1.6214 trillion (about $1.099 billion) in September 3, 2025, to N1.0326 trillion (about $726.29 million) in October 4, 2025.
“This sharp decline was primarily due to the absence of the block trades that had substantially boosted domestic transaction figures in September 2025,” it stated.
When compared to the performance in the corresponding year, it shows that total transactions increased considerably by 105.39 per cent from N502.73 billion in October 2024.
In the month under review, the total value of N845.96 billion transactions executed by domestic investors outperformed the N186.62 billion transactions executed by foreign investors, representing 64 per cent.
A further analysis of the total transactions executed between the current and prior month revealed that total domestic transactions decreased by 31.43 per cent to N845.96 trillion in October from N1.234 trillion in September.
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Also, total foreign transactions decreased by 51.85 per cent to N186.62 billion (about $131.27 million) in October from N387.62 billion (about $262.73 million) in September.
Pinnacle Daily reported that, in September, foreign investors’ transactions hit a 6-month high of N387.62 billion.
In the review month, the year-to-date total transactions as of October stood at N9.57 trillion, surpassing the N4.47 trillion year-to-date total transactions in 2024, reflecting the year-to-date bullish performance of the stock market.
This also reflected on the foreign portfolio investors’ transactions performance, which rose significantly, returning N2.03 trillion as at October, compared to N744.34 billion recorded in the whole of 2024.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
