FRI APRIL 03 2026-theGBJournal| Total transactions in the Nigerian equities market surged to a two-month high, rising by 78.9% m/m to N1.54 trillion in February (January: N861.97 billion), according data from the Domestic and Foreign Portfolio Report of the Nigerian Exchange Limited (NGX).
The surge is attributed to the significant increase in transactions to PenCom’s upward revision of equity allocation limits for PFAs across all RSA fund categories, which took effect in February.
Specifically, domestic transactions (91.0% of total transaction) grew by 87.7% m/m to N1.40 trillion (January: N747.83 billion), supported by increased activity from both institutional (+120.3% m/m) and retail (+52.4% m/m) investors.
Similarly, foreign investor participation rose by 21.8% m/m to N139.03 billion (January: N114.14 billion), reflecting improving sentiments amid moderating fixed income yields, which enhanced the relative attractiveness of equities.
Consequently, net inflows strengthened significantly to N85.78 billion, compared to N3.53 billion in January.
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