June 24, 2025/CSL Research
In May 2025, the Nigerian Exchange Limited (NGX) recorded a significant uptick in market activity, with total transactions surging 45.32% month-on-month to ₦700.50 billion (approx. US$441.64 million), up from ₦482.04 billion (US$301.90 million) in April. Domestic investors remained the dominant force in the market, accounting for 83.02% of total transaction value.
Activity within this segment rose 38.81% to ₦581.59 billion in May, from ₦418.97 billion in April. Retail investors were the key drivers, contributing ₦337.46 billion, while institutional investors accounted for ₦244.13 billion. Foreign Portfolio Investor (FPI) activity also picked up strongly, with total foreign transactions rising 88.54% to ₦118.91 billion (US$74.97 million), up from ₦63.07 billion (US$39.50 million) in April. Foreign inflows more than doubled to ₦6.61 billion, from ₦2.66 billion in the previous month. Outflows also increased, reaching ₦5.28 billion, compared to ₦3.64 billion in April
Click here to download full report: CSL Nigeria Daily – 24 June 2025 – Equities .pdf
