Foreign Transactions on NGX Drop 75% in January 2026

In January 2026, foreign transactions on the Nigerian Exchange (NGX) experienced a significant decline of 75% month-on-month, dropping to N114.14 billion. This sharp decrease in foreign participation was attributed to the absence of large block trades that had previously boosted turnover in December 2025.

Overall trade activity on the NGX also declined sharply, with total transactions falling by 37.6% to N861.97 billion, compared to N1.38 trillion in December 2025. Despite this downturn, the market recorded a year-on-year growth of 41.99%, with January 2025 transactions at N607.05 billion.

Domestic investors continued to dominate trading activity, accounting for N747.83 billion, or 86.76% of total trade in January 2026. Although there was a month-on-month decline in domestic transactions, retail participation remained resilient, indicating sustained engagement from individual investors.

The report highlighted a trend of net foreign outflow, reinforcing the volatility of foreign portfolio flows compared to January 2025.