Foreign investment outflows on the rise as foreign investors dump Nigerian equities

Nigerian Stock Exchange - nairametrics

Foreign portfolio investment (FPI) outflows from the country’s stock market rose by 124.7% percent in May 2018, with the market capitalisation of listed equities losing N1.146 trillion as it fell to N13.802 trillion.

In the Domestic & Foreign Portfolio Participation in Equity Trading for the Month of May released by the Nigerian Stock Exchange, it noted that there was a 3.45 percent decrease in foreign inflows to N62.06 billion in May from N64.28 billion in April. While the foreign outflows increased from N58.25 billion in April to N130.89 billion in May 2018.

Bua group

What the FPI means

The FPI outflow includes sales transactions or liquidation of portfolio investments through the stock market, while the FPI inflow includes purchase transactions on the NSE (equities only), according to the report.

The surge in foreign outflow can be largely attributed to uncertain political climate as the country’s general election draw closer.

However, the total transactions at the equities market increased by 49.96 percent from N212.23 billion recorded in April to N318.27 billion in May.

The five-month report also showed that the cumulative transactions from January to May increased by 97.13 percent to N1.409 trillion in 2018 compared with N714.99 billion recorded in the same period of 2017.

The report also shows that institutional composition of the domestic market increased by 97.87 percent from N46.51 billion in April to N92.03 billion in May. The retail composition, however, declined by 22.92 percent from N43.19 billion in April to N33.29 billion in May.

The month-on-month analysis had shown a positive trend in net foreign investment inflow throughout the first quarter of 2018. Foreign inflow totalled N91.75 billion in January 2018 as against outflow of N74.64 billion. Foreign inflow and outflow stood at N44.89 billion and N38.33 billion respectively in February 2018 while foreign inflow and outflow recovered to N69.71 billion and N62.50 billion respectively in March 2018.

Total transactions at the Nigerian equities market in first quarter 2018 stood at N878.97 billion compared to N454.48 billion recorded in first quarter 2017. Nigerian domestic investors had accounted for N497.15 billion in first quarter 2018 as against N243.42 billion in comparison with same period of 2017.


  1. It looks that Adolf Hitler is right,i have read Thomas Paine books “The rights of Man ” in my teens,i thought Mr Paine is insane,he present his case very sloppy,but he is saying the same by most political philosophers.i think Mr nitzeche is right we have killed God and God is dead.
    Mn mnn mmnnn Can we killed God,but what Mr nitzche means is that you have killed this god or this God’s given talent,that god gave you or your powers to reason.i.e if your God is good.For many years I tried to read Immanuel Kant,every time I picks his book “A pure critique of reason” for some reasons,i never finished his book,however what he said is that with reasons,we can says God exist.
    Is Einstein agreeing with nitztche with his theory “relativity”what he is saying that time and space are different to several person at different this selling of foreigners stock would have happened sooner or later or does Mr einsten means a separate reality,your space,your existence ?
    Now they have killed the Nigerian God or the other God.they have killed god,God is dead in Nigeria.what does it takes to stop this wanton and can be prevented killing in Nigeria,sometimes last week a young Nigerian posted a comment last week,that Nigeria is drifting into stone age under mr Buhari.i was minded to comment on Nigerian economy,but this killing today about sokoto today upset me.It is the duty of govt to protect lives and propertynow this present govt presented this solution,forcing state govt to provides land for ranches and colonies.this ranches or cattle colonies is not going to happened in Nigeria,what Mr Buhari thinking,ranching is a private and cormmercial business.If those herdsmen cannot look after their cattle,they should sell out to other individual,who have the resource to manage those cattle
    When a killing happened,this govt presented a demented idea, avoiding the real issues in nigeria

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