According to reports from the Nigerian Exchange Limited (NGX), foreign transactions in Nigeria between January and June 2024 hit N540.48 billion.
Disclosed in its report titled ‘Domestic & Foreign Portfolio Investment’, the foreign transactions increased compared to the N145.08 billion reported in the first half (H1) of 2023.
It stated that the foreign investment inflow was estimated at N229.07 billion in H1 2024, against N72.02 billion reported in the same period in 2023. Portfolio investments worth N311.41 billion were liquidated in H1 of 2024, compared to N73.06 billion recorded in the same period in 2023.
The report also revealed that the transactions of domestic investors in H1 2024 hit N2.06 trillion, bringing the total worth of foreign and domestic transactions in H1 2024 to 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%.
“In June 2024, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by 54%”, the report stated.