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Foreign investors dump N455bn stock over FX crisis, inflation

Foreign investors withdrew N455.62bn from the Nigerian stock market in 2024, significantly outpacing total inflows and reinforcing concerns about investor confidence despite the Central Bank of Nigeria’s efforts to stabilise the naira. Industry experts attributed this to the volatility of the naira, stressing that it created uncertainties and that inflation also caused a blurry future Read More



In 2024, foreign investors withdrew N455.62bn from the Nigerian stock market due to FX crisis and inflation, exceeding inflows of N396.41bn. Foreign participation remained low at 15.25% of total transactions, with domestic investors dominating at 84.75%. Despite increased foreign activity compared to 2023, outflows surpassed inflows in seven months. Institutional domestic investors led with N2.429tn, while retail investors accounted for N2.306tn.

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