By the period which ended September 2018, the total value of the transactions conducted on the Nigerian Stock Exchange by foreign investors was NGN991.18 billion ($2.7 billion). This represents a 26.5% increase on Year on Year performance. It is also more important than the 16.4% rise in the value of transaction by local investors.

However, this dynamism hides the fact that most of those foreign investments were outflows. These outflows were evaluated at NGN513.5 billion ($1.41 billion) while inflows were NGN477.7 billion.

So, this year, the main index of the Nigerian Stock Exchange has lost 16%. This is the second poorest performance of the main indexes of financial markets in the region according to data gathered by Ecofin Agency.

Idriss Linge