Domestic investors have continued to dominate the Nigerian Exchange Limited’s trading activity, with N1.67 trillion worth of transactions recorded in July 2025, outpacing foreign participation.
This development underscores the growing influence of local investors in shaping the Nigerian capital market’s trajectory. Also, the significant increase in the total value of domestic transactions in July 2025 has been attributed to block trades.
The ‘Domestic & Foreign Portfolio Investment Report’ for July revealed that domestic transactions accounted for N1.67 trillion, or 91.96 per cent of total equity trades in July 2025. In contrast, foreign portfolio investments stood at N145.95 billion, representing just 8.04 per cent of the total.
The total transactions at the nation’s bourse increased significantly by 133.09 per cent from N778.65 billion in June 2025 to N1.815 trillion in July 2025.
Also, a comparison of domestic transactions showed that retail transactions increased by 88.07 per cent from N274.63 billion in June 2025 to N516.50 billion in July 2025. However, the institutional composition of the domestic market increased significantly by 216.03 per cent from N364.71 billion in June 2025 to N1.1526 trillion in July 2025.
Meanwhile, over an 18-year period, domestic transactions increased by 33.15 per cent from N3.556 trillion in 2007 to N4.735 trillion in 2024, while foreign transactions increased by 38.31 per cent from N616 billion to N852 billion over the same period.
Total domestic transactions accounted for about 85 per cent of the total transactions carried out in 2024, while foreign transactions accounted for about 15 per cent of the total transactions in the same period. The transaction data for 2025 showed that total domestic transactions are circa N4.7269 trillion, while total foreign transactions are circa N1.28123 trillion.
Analysts from Cordros Capital stated, “in the near term, we expect domestic investors to remain the primary drivers of transaction value, supported by an anticipated decline in fixed income yields, which is expected to sustain buying interest. Furthermore, the relative stability of the naira is likely to encourage increased participation from foreign investors in the equities market; however, prevailing global uncertainties present a downside risk to sustained inflows.”
Capital market analysts stated that “the NGX is expected to maintain its positive momentum in H2 2025, supported by ongoing banking sector capital raises, moderation in fixed-income yields, fiscal policy reforms, and sustained foreign exchange stability.”
