The NGX foreign inflows rose by 78 percent in March 2026. Data from the Nigerian Exchange showed increased foreign participation. The NGX foreign inflows growth occurred alongside rising outflows. The trend reflects evolving investor activity within Nigeria’s capital market.
The Nigerian Exchange records both domestic and foreign transactions. Domestic investors have consistently dominated market activity over time. Foreign participation often responds to economic and policy conditions. Market reforms and macroeconomic signals influence investor decisions. Currency stability and interest rates remain key considerations. Domestic institutions continue to provide liquidity and stability.
According to the NGX Domestic and Foreign Portfolio Participation Report, total transactions increased by 13.10 percent month-on-month. Market turnover rose to N1.744 trillion in March from N1.5424 trillion in February. Foreign transactions recorded significant growth during the period. They increased by 107.74 percent from N139.03 billion to N288.82 billion.
The NGX foreign inflows trend highlights renewed foreign investor interest. However, domestic investors continued to dominate overall transactions. Domestic transactions rose by 3.72 percent to N1.4556 trillion in March. This compares to N1.4033 trillion recorded in February.
Domestic investors exceeded foreign participation by about 66 percent. This underscore continued reliance on local market participants. Institutional investors led domestic trading activity during the period. Institutional transactions increased by 6.95 percent month-on-month. Retail investor participation declined slightly during the same period. Retail transactions fell by 1.30 percent to N541.37 billion.
The NGX foreign inflows increase signals improved foreign participation. It may reflect positive investor sentiment toward market conditions. However, rising outflows indicate ongoing caution among investors. Short-term capital movements remain a key market feature. Strong domestic activity continues to stabilize the Exchange. It reduces exposure to volatility from foreign capital shifts.
