The Nigerian Exchange Limited (NGX) says N540.48 billion in international transactions were reported between January and June 2024.
This was disclosed in NGX’s report titled ‘Domestic & Foreign Portfolio Investment’, which was released on Wednesday.
According to the firm, Nigeria’s foreign transactions increased compared to N145.08 billion reported in the first half (H1) of 2023.
According to the study, in H1 2024, foreign investment inflow amounted to N229.07 billion, compared to N72.02 billion during the same period in the previous year.
However, in H1 of2024, portfolio investments valued at N311.41 billion were liquidated, as opposed to a N73.06 billion foreign outflow during the same time in 2023.
A further analysis of the report revealed that N2.06 trillion in transactions were made by local investors in the first half of 2024.
As of June 31, the total value of all domestic and international transactions in H1 2024 was N2.60 trillion.
“The performance of the current month when compared to the performance in June 2023 (N406.75 billion) revealed that total transactions decreased by 12.83 percent.
According to the report, “In June 2024, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by 54 percent”.
