Foreign investment outflowfrom the nations stock market NGXchange rose by 250.86 percent, Quarter-on-Quarter, QoQ, to N420.37 billion in the first Quarter, Q125, from N119.81 billion in the corresponding period of 2024, Q124.
The Nigerian Exchange Limited, NGX disclosed this in its foreign portfolio report which showed that foreign investment outflow also exceeded inflow by 20 per cent or N20.11 billion in Q125.
According to the NGX, foreign investment inflow also rose by 275 per cent, YoY to N349.97 billion in Q125 from N93.37 billion in Q124.
The Exchange further revealed N2.23 trillion equity transactions were recorded by both domestic and foreign investors in Q125.