Domestic Investors Dominate NGX with N11.89tn in 2026

In the first eight months of 2026, domestic investors significantly increased their presence in the Nigerian stock market, accounting for 89.77% of the total transactions on the Nigerian Exchange Limited (NGX), which amounted to N13.25 trillion. Domestic transactions reached N11.89 trillion, a 91.5% increase from N6.92 trillion in the same period of 2025.

Foreign investors contributed N1.35 trillion, representing only 10.23% of total transactions, down from 21.01% the previous year. Institutional investors were the primary drivers of this growth, contributing N7.36 trillion, while retail investors accounted for N4.53 trillion.

Despite a sharp decline in trading activity in August, where total transactions fell 46.38% to N1.27 trillion, domestic investors maintained a dominant share of 95.11% in that month. The overall trend indicates a growing reliance on local capital in Nigeria's equities market, with domestic transactions already surpassing the total for all of 2025.