Nigeria’s stock market has surged to record-breaking levels.
In just seven months to July 2025, investors drove equities transactions to ₦6 trillion—the highest in 18 years—eclipsing the previous annual total of ₦3 trillion recorded in 2024.
July Trading Peaks
July stood out as a landmark month.
At the Nigerian Exchange Limited (NGX), investors traded ₦1.815 trillion, with domestic players leading the charge at ₦1.669 trillion, while foreign investors contributed just over 8%.
The NGX attributes this surge to block trades, showing the growing influence of local institutional investors.
Nigeria’s Equities Deal
Moreover, the month-on-month leap was remarkable.
Investors exchanged ₦778.65 billion in June, with domestic participants accounting for 82%.
However, in July, local investors intensified activity, demonstrating strong confidence in the market despite global uncertainties.
Looking at the year so far, the patterns reveal shifting momentum.
In January, domestic investors dominated the ₦607.05 billion traded, contributing ₦535.54 billion.
In February, they maintained dominance with ₦466.82 billion out of ₦509.47 billion total trades, while foreign investors held a smaller share.
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Interestingly, March saw foreign investors take the lead, trading ₦699.89 billion—almost 63% of the ₦1.115 trillion total.
Subsequently, April and May returned to domestic dominance, with local investors consistently controlling more than 80% of trading activity.
Domestic Investors Lead The Rally
Over the seven months, domestic investors actively drove the market, trading ₦4.726 trillion compared to ₦1.281 trillion by foreign participants.
Retail investors traded ₦1.988 trillion, while institutional players handled ₦2.738 trillion.
Meanwhile, foreign investors injected ₦609.73 billion into the market and withdrew ₦671.56 billion, keeping their net contribution nearly balanced.
Consequently, this data tells a compelling story: domestic investors have powered Nigeria’s historic equities rally.
Although foreign investors occasionally inject momentum, local participation has maintained the market’s upward trajectory, signalling a new era for the country’s financial markets.
