Domestic buyers traded N13.52 trillion value of equities on the Nigerian Exchange (NGX) within the first 9 months of 2026, exceeding the N9.27 trillion recorded all through 2025 by N4.24 trillion, or 45.73%.
This is in line with the NGX Domestic and Foreign Portfolio Investment Report for September 2026, which confirmed that home equity transactions rose 101.81% from N6.70 trillion within the corresponding interval of 2025.
Domestic buyers now account for 89.74% of complete equity turnover, in contrast with 78.44% a 12 months earlier, reflecting the rising dominance of native establishments and retail buyers.
Domestic Trading surges 101.81%:
Total equity transactions on the NGX rose 76.41% to N15.06 trillion within the 9 months, in contrast with N8.54 trillion within the corresponding interval of 2025.
The determine additionally exceeded the roughly N11.92 trillion recorded all through 2025 by 26.33%, with home buyers accounting for a lot of the improve.
- Domestic institutional buyers traded N8.37 trillion, representing a 104.81% improve from N4.09 trillion within the corresponding interval of 2025. They accounted for roughly 63% of the rise in home transactions.
- Domestic retail buyers recorded N5.15 trillion in transactions, up 97.12% from N2.61 trillion a 12 months earlier.
- Foreign buyers traded N1.55 trillion, down 16.01% from N1.84 trillion, decreasing their share of complete transactions to 10.26% from 21.56%.
- Foreign trading through the 9 months represented roughly 58% of the N2.65 trillion recorded all through 2025, contrasting with home transactions, which had already surpassed their full-year 2025 degree.
The year-on-year comparability gives a clearer measure of trading progress as a result of it compares the identical nine-month durations, moderately than 9 months of 2026 towards the total 2025 calendar 12 months.
Foreign Investors report N281 billion Net Sales:
Foreign buyers remained internet sellers of Nigerian equities through the first 9 months of 2026, promoting N281.26 billion greater than they bought.
This compares with internet purchases of N219.94 billion within the corresponding interval of 2025, representing a damaging swing of N501.20 billion.
- Foreign purchases declined 38.63% to N632.35 billion, whereas gross sales elevated 12.74% to N913.61 billion. Foreign buyers recorded internet gross sales each month, with the biggest occurring in March at N74.72 billion and April at N66.10 billion.
- September equity transactions rebounded 43.06% to N1.82 trillion from N1.27 trillion in August, making it the third-highest trading month of 2026 after July and May. Foreign transactions rose 208.14% to N191.14 billion, though overseas buyers remained internet sellers by N6.10 billion.
- Domestic institutional trading crossed N1 trillion in September, reaching N1.005 trillion, up 53.57%, whereas retail transactions elevated 12.10% to N619.77 billion. Retail buyers recorded internet purchases of N5.27 billion.
Nairametrics previously reported that foreign participation dropped to 4.89% in August, its lowest degree of 2026, whereas home transactions had reached N11.89 trillion. Domestic trading had already exceeded the full-year 2025 complete in July, reaching N10.68 trillion.
However, internet overseas equity gross sales shouldn’t be interpreted as equal overseas trade outflows, because the transactions don’t set up how a lot overseas foreign money truly left Nigeria.
What the NGX trading figures reveal:
The sharp improve in home equity transactions highlights the rising function of native buyers, notably establishments, in figuring out trading exercise on the Nigerian Exchange.
However, the figures measure the worth of equity purchases and gross sales moderately than the variety of buyers, new capital getting into the market or adjustments available in the market worth of buyers’ holdings.
- The NGX report of upper trading turnover doesn’t essentially point out an equal improve in new funding.
- The NGX’s September narrative reported retail trading progress of 47.41% and institutional progress of 23.74%.
- However, calculations utilizing the report’s figures present will increase of 12.10% and 53.57%, respectively.
This evaluation makes use of the expansion charges calculated from the reported transaction values. With home establishments accounting for a lot of the rise in equity turnover, trading exercise on the NGX stays more and more depending on native buyers’ urge for food, whilst overseas participation continues to weaken.
