Foreign portfolio investment (FPI) on the Nigerian Exchange (NGX) reached ₦1.3 trillion in the first seven months of 2025, according to the latest market report.
The figure represents a sharp increase compared to ₦301.37 billion and ₦262.85 billion recorded in the first eight months of 2022 and 2021, respectively.
Data from the NGX FPI report indicates a notable rise in two-way transactions by foreign investors, signalling stronger interest and tracking of Nigeria’s equity market by global investment managers. The report, compiled from almost all custodians and market operators, is regarded as an authoritative measure of foreign participation trends.
The analysis tracks inflows and outflows, which reflect investor sentiment and transaction direction, while the total FPI value measures overall market engagement.
Foreign inflows surged to ₦609.73 billion between January and July 2025, up from ₦266.64 billion in the same period last year. Outflows also rose significantly to ₦671.56 billion, compared to ₦331.36 billion by July 2024.
Overall, this increase in portfolio activities boosted total transactions on the NGX to ₦6.01 trillion for the seven-month period, nearly double the ₦3.1 trillion recorded during the corresponding period in 2024.
Market analysts attribute the spike in foreign inflows to improved stability in Nigeria’s foreign exchange market, which has strengthened the naira and improved investor confidence.
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