Nigeria’s Domestic Trade Reached N980 billion in Three Months.

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Total domestic transactions on the Nigerian Exchange Limited (NGX) for the first quarter (Q1) of 2023 finished at N986.21 billion notwithstanding uncertainties and other macroeconomic difficulties.

The protracted FX shortage and inflation, among other factors, have had a negative impact on the Nigerian economy, and the capital market, which serves as the economy’s barometer, had mixed feelings in transactions in the reviewed month.

The overall value of domestic transactions made on the NGX’s platform in March 2023, according to data from the Domestic and Foreign Portfolio Investment Report, was N476.52 billion.

The total domestic transactions carried out by investors in the months of January and February 2023 were N170.20 billion and N339.49 billion, respectively.  Furthermore, the total value of transactions executed by domestic investors outperformed. Similarly, institutional investors outperformed retail Investors by 22 per cent.

Sunnews.

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