The Nigerian stock market experienced a significant boost in equity trading activity in June 2025, with total transactions reaching ₦778.65 billion, a 120% year-on-year increase from ₦354.55 billion recorded in June 2024.
According to data released Tuesday by the Nigerian Exchange Limited (NGX), the surge was primarily driven by heightened domestic investor participation, which accounted for around 64% of the total trading value for the month.
A closer look at the figures shows domestic transactions rose by 9.93%, from ₦581.59 billion in May to ₦639.34 billion in June. Foreign transactions also saw a strong uptick, increasing by 17.16% from ₦118.91 billion (approx. $74.97 million) in May to ₦139.31 billion (around $91.07 million) in June.
The domestic investor landscape also shifted noticeably. Institutional investors took the lead, with their activity climbing by 49.39%, from ₦244.13 billion in May to ₦364.71 billion in June. In contrast, retail investor activity declined by 18.62%, falling from ₦337.46 billion to ₦274.63 billion.
Market analysts attribute this surge in institutional trading to increased confidence among long-term investors and fund managers, driven by encouraging macroeconomic trends and strong corporate earnings.
Foreign portfolio investments also contributed positively, with foreign inflows rising from ₦118.91 billion in May to ₦139.31 billion in June, a 17% increase. Foreign outflows remained relatively low, reflecting a net positive sentiment among international investors.
On a year-to-date basis, total equity transactions have hit ₦4.19 trillion in the first half of 2025, compared to ₦2.60 trillion in the same period last year, highlighting a sustained bullish trend.
Domestic investors continue to dominate the market, accounting for nearly 73% of total trading volume so far this year.
Looking at long-term trends, the Nigerian equities market has shown consistent growth. Between 2007 and 2024, domestic transactions rose by 33.15%, from ₦3.56 trillion to ₦4.74 trillion, while foreign transactions climbed by 38.31% over the same period.
