equities

Foreign transactions in the Nigerian equities market soared by 97.88 percent from ₦616 billion to ₦1.219 trillion in the last 12 years, figures released yesterday by the Nigerian Stock Exchange (NSE) have shown.

The jump, which is between 2007 and 2018, indicated foreign investors’ preference for the Nigerian equities market.

However, while foreign investors increased their investments, their domestic counterparts’ participation declined in the review period, falling by 66.6 percent from ₦3.556 trillion in 2007 to ₦1.185 trillion in 2018.

In 2018 alone, for instance, foreign transactions accounted for 51 percent while domestic investors accounted for 49 percent. But the …