Nigeria: Domestic and foreign portfolio investment (FPI) for February 2021

Nigeria domestic and foreign investment

Nigeria: Total domestic and foreign portfolio investment, FPI at NSE in February was lower than January by 7.26%.

The Nigerian Stock Exchange polled trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows in February.

According to the NSE report, as of February 28 2021, total transactions at the nation’s bourse decreased by 7.26% from N232.46billion (about $590.82million) in January 2021 to N215.58billion (about $525.21million) in February 2021.

The performance of the current month when compared to the performance in February 2020 (N148.50billion) revealed that total transactions increased by 45.17%.

In February 2021, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 42%.

Further analysis of the total transactions executed between the current and prior month (January 2021)
revealed that total domestic transactions decreased by 16.99% from N184.94billion in January to N153.51billion in February 2021.

However, total foreign transactions increased by 30.62% from N47.52billion (about $120.78million) to N62.07billion (about $151.23million) between January 2021 and February 2021.

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Christina Ngene

Content creator focusing on finance and business with five years of experience and a foundation in forex analysis.

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