According to a study by the Nigerian Exchange Limited (NGX), foreign investors’ inflow into the stock market of the Nigerian Exchange Limited (NGX) decreased to N53.71 billion in the first quarter of 2023 from N128.91 billion reported in the first quarter of 2022 due to political unrest, strong inflationary pressure, and a lack of foreign currency.
According to the research, domestic and foreign investors showed slower market exposure in Q1 2023 than Q1 2022, with transactions totaling N530.23 billion compared to N692.20 billion.
89.87% of stock market transactions are still controlled by domestic investors, compared to 10.13% by international investors. We anticipate a significant improvement in the nation’s foreign exchange status.
