Nigeria’s stock market continues to draw strong attention from global investors, with foreign inflows reaching N1.3 trillion in just the first seven months of the year. This surge marks a renewed confidence in the country’s capital market, as international players seek opportunities in Africa’s largest economy despite global uncertainties.
The latest report released by the Nigerian Exchange Limited (NGX) on foreign portfolio participation, obtained on Friday, indicated that foreign portfolio investment had more than doubled this year, outpacing the previous year’s portfolios by an impressive 114.2 percent. Analysts attribute the rise to policy reforms that have improved transparency, boosted liquidity, and signaled a more open environment for portfolio investment.
The recent moves by the Central Bank to stabilize foreign exchange markets, coupled with the government’s renewed commitment to market-friendly policies, are seen as major drivers of this growth. Foreign participation not only provides much-needed capital inflows but also signals stronger credibility for the Nigerian Exchange in the eyes of the international community.
For local investors, this trend reflects a maturing market that is increasingly integrated into global finance, creating potential for more stability and long-term growth. Market watchers believe that if current policies are sustained and macroeconomic conditions continue to improve, Nigeria could witness even greater foreign portfolio inflows by year-end.
