Skip to main content



Foreigners dump Nigerian stocks worth N209bn in 11 months


Nigerian Stock Exchange


                                                                             Foreign investors pulled out a total of N209.76bn from the Nigerian stock market from January to November last year, official data obtained on Friday show.

The Nigerian Exchange Limited, in its latest domestic and foreign portfolio investment report, revealed that foreign investors injected N189.42bn into the stock market in the 11-month period.

Foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the stock market, while the FPI inflow includes purchase transactions on the NGX (equities only), according to the bourse.

The total transactions at the nation’s bourse decreased by 7.95 per cent from N213.07bn (about $513.31m) in October 2021 to N196.14bn (about $472.54m) in November.

The total transactions in November decreased by 38.28 per cent when compared to the same month in 2020, according to the NGX.

The total value of transactions executed by domestic investors in November outperformed those executed by foreign investors by about 30 per cent.

The total domestic transactions decreased by 25.82 per cent from N170.65bn in October to N126.58bn in November.

“However, total foreign transactions increased by 63.98 per cent from N42.42bn (about $102.21m) to N69.56bn (about $167.58m) between October 2021 and November 2021,” the NGX said.

It said the institutional investors outperformed retail investors by 28 per cent in November.

According to the NGX, the retail transactions decreased by 21.99 per cent from N58.34bn in October to N45.51bn in November.

“Similarly, the institutional composition of the domestic market decreased by 27.82 per cent from N112.31bn in October 2021 to N81.07bn in November 2021,” the bourse said.


Popular posts from this blog


  Hackers steal nearly $100m in Japan crypto heist IMAGE SOURCE, Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen.  The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days.                 Last week, digital token platform Poly Network was at the centre of a $600m heist. "WE ARE SORRY TO ANNOUNCE THAT #LIQUIDGLOBAL WARM WALLETS WERE COMPROMISED, WE ARE MOVING ASSETS INTO THE COLD WALLET," THE COMPANY SAID ON TWITTER. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure.                            

Countries Accepting Nigerians Seeking Second Citizenship

  Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application.  Approval of a Citizenship-by-Investment application normally takes about 3 months, and all de


      AKURE OBASHIP: OBA AGUNSOYEBIOYINBO ADEMUAGUN ADESIDA 11 BROUGHT CLASS AND DIGNITY TO THE THRONE                 By Sunday Ajibola There are men and there are men. Man gets to positions of power and authority and bring to bear their inner qualities. Position, as we have it here, is used to do all sorts of things; good and bad. But mostly and vexatiously, position blinds us as we use it to cheat and deny others their rights. Certain men understand that position is an opportunity to etch their names in gold and put such in the same of time.   It is exactly fifty years today that the 42nd Deji of Akure, late Oba Agunsoyebioyinbo Ademuagun Adesida 11 joined his ancestors. That fateful day was Sunday and in the evening; darkness was just enveloping the city. It was the strange shouts of "opo ye o, opo ye o, opo ye o", that prompted me to rush out of our house at Oke aro. I saw people running helter, skelter. I did not bother about them. I was looking for the "electric