Foreign investment in Nigerian stocks extends decline after election

Foreign investment in the Nigerian stock market declined further in April after a general election that commenced on February 25 and was concluded on April 15, data from the country’s bourse show.

Foreign inflow dropped to a record low of N3.67 billion in April from N4.60 billion in the previous month while the outflow increased to N4.80 billion from N4.59 billion.

The total transactions at the nation’s bourse increased by 30.77 percent to N191.21 billion last month from N146.22 billion in March, according to the Nigerian Exchange Limited.

The total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 92 percent. 

The total domestic transactions increased by 33.35 percent from N137.03 billion in March to N182.74 billion in April while foreign transactions decreased by 7.83 percent from N9.19 billion to N8.47 billion.

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