Business

Foreign participation in NGX falls to 8.5% in January 2024, lowest on record

Foreign participation in the Nigerian Exchange Limited (NGX) fell to 8.5% in January 2024 as domestic investors continued to dominate transactions in the nation’s stock market.  


Foreign investors related transactions were N53.1 billion, higher than the N24.9 billion in recorded same period in 2023. However, in terms of percentage contribution to total transactions, January 2023 was 12.76%.  


This is the lowest level on record for foreign participation when compared to domestic participation.