Nigerian Exchange (NGX) Records Historic N10.54 Trillion Transactions in 11 Months

Investor transactions on the Nigerian Exchange (NGX) reached a record N10.54 trillion in 11 months, marking a 114.6% increase year-on-year. The report highlights the positive impact of critical reforms by the federal government in boosting confidence in the local bourse.

The transactions were driven by both foreign and domestic investors, with domestic high net-worth individuals and pension fund administrators significantly increasing their participation. Foreign portfolio investments and domestic investor transactions both saw substantial growth, reflecting a positive outlook for the Nigerian stock market.