Capital Market Turnover Hits N10trn
Turnover at the Nigerian stock market has risen to a document high of N10 trillion, following foreign and domestic investors’ persevered stake in the nation’s macroeconomic outlook and earnings doable of quoted firms.
Trading records launched the day prior to this by the Nigerian Change (NGX) indicated that total transactions at the Change personal doubled this yr to be triumphant in an all-time high of N9.57 trillion all the plan in which thru the critical 10 months of trading. This represented an develop of 114.1 per cent over N4.47 trillion recorded in the comparable duration of 2024.
The document, which detailed transactions by domestic and foreign portfolio investors, confirmed that actions at the Nigerian market were severely driven by rising foreign transactions, with foreign investors now accounting for larger than one-fifth of actions at the market.
International portfolio investors (FPIs) account for 21.2 per cent of total transactions as in opposition to 16.7 per cent in the comparable duration of outdated yr.
Total foreign transactions personal just about tripled this yr, totalling N2.03 trillion by October 2025; 172.forty five per cent above N744.3 billion recorded in the corresponding duration of 2024.
A breakdown of foreign transactions confirmed a stronger preference for the Nigerian market, with a elevated retention ratio as FPIs were seeking to search out larger than they were promoting in the oldschool two-intention market map.
Total FPI inflows stood at N1.118 trillion by October 2025, representing an develop of 225 per cent above N344 billion recorded by October 2024. FPI outflows doubled by 127.3 per cent from N400 billion in 2024 to N909.6 billion in 2025.
In comparison to the trading shriek in 2024, when the country had an FPI deficit of N56 billion, FPI surplus stood at N209 billion in 2025, underlining the comparatively elevated inflows in opposition to outflows.
Total transactions by domestic investors all the plan in which thru the 10 months elevated to N7.54 trillion in 2025 as in opposition to N3.73 trillion recorded in 2024. The develop used to be due to an upsurge in actions by retail and institutional investors.
“Institutional investors’ turnover jumped to N4.6 trillion when in contrast with N1.8 trillion in the corresponding duration of 2024. Retail investors’ transactions rose to N2.9 trillion in 2025 from N1.9 trillion in 2024.
NGX famed that domestic transactions personal grown by 33.15 per cent over the final 18 years, from N3.56 trillion in 2007 to N4.74 trillion in 2024. International transactions elevated by 38.31 per cent over the same duration, rising from N616 billion to N852 billion.
Experts personal attributed the all-time crawl for Nigerian investments to the come in in the country’s macroeconomic outlook.
The NGX attributed the bullish trading at the market to very large financial reforms and bettering investor sentiment.
In step with NGX, the rally at the market coincides with a broader coverage reset that has redefined Nigeria’s financial outlook, as measures such because the liberalisation of the naira, the removal of fuel subsidies, and nearer coordination between fiscal and fiscal authorities personal begun to revive a diploma of macroeconomic steadiness, at the same time as inflation remains elevated.
Personnel Managing Director (GMD), Nigerian Change Personnel (NGX Personnel) Plc, Mr Temi Popoola, said noteworthy of the market’s resilience could presumably perchance be traced to a “wave of coordinated reforms” that personal rebuilt confidence in the country’s financial structure.
He said: “The energy we’ve viewed available in the market has been driven largely by reforms, from the President’s financial agenda to decisive actions by the Central Monetary institution of Nigeria (CBN), Securities and Change Commission (SEC), PENCOM, and varied regulators. These efforts personal created the real basis for investor confidence and renewed market enlighten”.
Popoola, who spoke all the plan in which thru a panel dialogue on “Nigeria’s Economic Trail: Disaster, Recovery, and Possibility” at the Monetary Times Africa Summit 2025 in London, underscored the market’s underscored renewed investor confidence and the resilience of Nigeria’s capital markets amid a sharp macroeconomic atmosphere.
Director Total, Securities and Change Commission (SEC), Dr Emomotimi Agama, said the signing of the Investments and Securities Act 2025 by President Bola Tinubu used to be a turning level for governance and regulatory transparency available in the market.
He said: “The unusual law used to be crafted to reflate the financial system by offering readability, uncomplicated project, and discipline in our markets,” Agama said. “Sturdy law has been central to restoring market integrity and investor trust, offering the transparency required to anchor long-timeframe capital formation in Nigeria”.
Managing Director, Highcap Securities Little, David Adonri, said the upward thrust in retail enlighten is a obvious indicator for market resilience.
He said: “The enhance in retail participation at a time when institutional and foreign investors are slowing down presentations that native investors are changing into extra assured and additional knowledgeable. It shows the impact of skills, more uncomplicated get entry to and sustained market training. Retail investors are step by step changing actual into a stabilising pressure in our market”.
