NGX foreign participation lags at 21%, traders blame CGT uncertainty 

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Foreign portfolio investments in Nigeria’s equities market totalled just N1.281 trillion in the first 11 months of 2025, accounting for only 20.77% of total transactions despite various capital market and FX reforms.


This is according to the November 2025 edition of the Domestic & Foreign Portfolio Investment Report published by the Nigerian Exchange (NGX).


The data highlights a sustained preference for caution among offshore investors amid lingering macroeconomic uncertainty, even as overall market turnover more than doubled year-on-year to N10.542 trillion.

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