Foreign portfolio transactions in Nigeria tripled to all-time high of N1.8 trillion by the third quarter, underlining the increasing attraction of the Nigerian market as a destination for global capital. Latest report on foreign portfolio participation in Nigeria obtained yesterday showed that total foreign portfolio transactions rose to N1.841 trillion by third quarter ended September 30, 2025 compared with N696.9 billion recorded in comparable period of 2024.
It was the highest performance within such a period.The latest report also indicated, for the first time in recent period, significant upside for the Nigerian market with more inflows than outflows, in two-way transactions characteristic of foreign portfolio investments (FPIs).The nine-month report showed a net surplus of N220 billion by third quarter 2025 as against deficit of N75 billion recorded by third quarter 2024.
Total foreign inflows rose from N311 billion in third quarter 2024 to N1.03 trillion in third quarter 2025. Foreign outflows however increased from N385.9 billion to N810.4 billion.The report on FPIs, coordinated by the Nigerian Exchange (NGX) is widely regarded as a measure of the macroeconomic outlook.
The report included transactions from nearly all custodians and capital market operators.The report uses two key indicators-inflow and outflow, to gauge foreign investors’ mood and participation in the equities market and the economy.
While inflows and outflows indicate direction of portfolio transactions, total FPI measures the momentum and level of participation.
