……..Home offers surge 78% in September to N1.23trn
Nigerian traders have additional tightened their
maintain on the nation’s inventory market as home transactions proceed to dominate buying and selling exercise on the Nigerian Alternate Restricted, whereas overseas participation stays subdued amid persistent overseas alternate challenges.
An evaluation of the Home and International Portfolio Funding Report launched by the NGX reveals that whole home transactions surged to N6.697 trillion between January and September 2025, outpacing overseas transactions, which stood at N1.841 trillion throughout the identical interval.
This efficiency means native traders accounted for about 78 per
cent of whole market transactions throughout the first 9 months of the 12 months, reaffirming the rising confidence of Nigerian traders in their very own capital market regardless of macroeconomic headwinds, inflationary pressures, and naira volatility.
The report additionally revealed that general market turnover rose sharply by 78.5 per cent to N1.621 trillion in September 2025, in comparison with N908.38 billion recorded in August.
When measured towards the identical interval final 12 months, whole turnover jumped by a outstanding 228.9 per cent, from N493.01 billion in September 2024.
In response to the NGX, the surge in home participation underscores the resilience of native market gamers and the deepening of Nigeria’s capital market as a significant avenue for wealth creation and long-term funding.
“The constant energy of home traders displays their rising so phistication and confidence in native as units, even amid international uncertainties,” the Alternate acknowledged.
A breakdown of the figures reveals that home traders outperformed their overseas counterparts by about 52 per cent in September alone.
Complete do mestic transactions climbed 67.5 per cent, from N736.57 billion in August to N1.234 trillion in September, whereas overseas transactions rose 125.6 per cent, from N171.81 billion to N387.62 billion
throughout the identical interval.
Institutional traders continued to dominate market exercise, accounting for the majority of home trades. The phase grew by 143.1 per cent, from N392.90 billion in August to N955.26 billion in September 2025, reflecting stronger portfolio rebalancing and inflows from pension funds, mutual
funds, and asset managers.
Retail participation, however, declined by 18.9 per cent to N278.57 billion, in comparison with N343.67 billion within the earlier month.
Analysts say this moderation amongst particular person traders could also be linked to {economic} pressures and cautious repositioning forward of year-end.
Whereas home traders have re-mained the spine of the market, overseas portfolio inflows have but to
rebound to pre-2020 ranges. Analysts attribute this to persistent overseas alternate illiquidity, forex dangers, and international capital market uncertainty,
which proceed to discourage off shore traders from re-entering the Nigerian market in massive numbers.
A protracted-term overview of buying and selling information between 2007 and 2024 confirmed that home transactions have grown by
33.2 per cent, from N3.56 trillion to N4.73 trillion, whereas overseas transactions rose by 38.3per cent, from N616 billion to N852 billion throughout the
identical interval.
By the tip of 2024, home traders accounted for about 85 per cent of whole trades on the NGX, in contrast with simply 15 per cent for overseas investor—a sample that seems to be persevering with in 2025.
{Financial} analysts observe that thistrend, whereas reflective of sturdy native participation, additionally highlights the necessity for sustained coverage reforms to revive overseas investor confidence.
“The market is displaying spectacular home depth, however Nigeria nonetheless wants steady FX insurance policies and clear repatriation frameworks to draw long-term
overseas inflows,” mentioned Olumide Adesina, an Abuja Lagos-based funding analyst.
Market watchers imagine institutional traders will proceed to maintain market management within the coming
quarters, supported by strong company earnings, enticing dividend yields, and alternatives in each the fixed-income and equities segments.
They added that the resilience of home traders, coupled with ongoing reforms within the {financial} and capital markets, may assist cushion
the influence of worldwide volatility on Ni
geria’s funding setting.