Foreign portfolio transactions on the Nigerian Exchange Limited declined sharply by 90.99 per cent in April 2025, falling to N63.07bn from N699.89bn recorded in March, according to the latest Domestic and Foreign Portfolio Investment report released by the NGX.
The sharp drop in foreign participation followed a surge recorded in March due to large block trades that significantly boosted foreign inflows. With the absence of such transactions in April, foreign investor activity slumped, accounting for just 13.08 per cent of total market turnover for the month.
Overall, total transactions on the exchange declined by 56.79 per cent, from N1.115 tn in March to N482.04 bn in April.
In dollar terms, this amounted to approximately $301.90m in April, compared to $725.86m in March, using official exchange rates provided by the Central Bank of Nigeria for the respective months.
Domestic investors, however, sustained market momentum despite the decline in foreign participation. Domestic transactions rose marginally by 0.81 per cent, from N415.62bn in March to N418.97bn in April. Domestic investors accounted for 86.92 per cent of the total transaction value during the month.
