NGX: Foreign outflows rise 9.12% to N72.32bn in February despite improved inflows

[Vicole]

Foreign outflows on the Nigerian Exchange (NGX) rose 9.12% to N72.32 billion in February 2026 despite an improvement in inflows, signalling continued cautious sentiment among offshore investors.

This is according to the latest Domestic & Foreign Portfolio Investment Report released by the Nigerian Exchange Limited (NGX).

The report, which tracks trading activity as of February 28, 2026, relative to January, shows that while foreign participation improved, capital withdrawals still outpaced inflows, reflecting persistent macroeconomic concerns.

 

[Chinyere]

Foreign outflows on the Nigerian Exchange (NGX) rose 9.12% to N72.32 billion in February 2026 despite an improvement in inflows, signalling continued cautious sentiment among offshore investors.

This is according to the latest Domestic & Foreign Portfolio Investment Report released by the Nigerian Exchange Limited (NGX).

The report, which tracks trading activity as of February 28, 2026, relative to January, shows that while foreign participation improved, capital withdrawals still outpaced inflows, reflecting persistent macroeconomic concerns.

This shows the market is still in a delicate balance. Foreign investors are cautious—some are returning, but withdrawals are still stronger than inflows. It’s a reminder that while local activity may support the market, offshore sentiment is sensitive to macroeconomic pressures, and sustained inflows will depend on policy stability, FX availability, and corporate performance.

 

[Crystal]

Foreign outflows on the Nigerian Exchange (NGX) rose 9.12% to N72.32 billion in February 2026 despite an improvement in inflows, signalling continued cautious sentiment among offshore investors.

This is according to the latest Domestic & Foreign Portfolio Investment Report released by the Nigerian Exchange Limited (NGX).

The report, which tracks trading activity as of February 28, 2026, relative to January, shows that while foreign participation improved, capital withdrawals still outpaced inflows, reflecting persistent macroeconomic concerns.

This is a very important signal. The improvement in inflows is encouraging, but the fact that outflows are still higher tells us confidence hasn’t fully returned yet. It suggests foreign investors are still testing the waters, not fully committing.

 

[Crystal]

This shows the market is still in a delicate balance. Foreign investors are cautious—some are returning, but withdrawals are still stronger than inflows. It’s a reminder that while local activity may support the market, offshore sentiment is sensitive to macroeconomic pressures, and sustained inflows will depend on policy stability, FX availability, and corporate performance.

Well said. That “delicate balance” is exactly where the market is right now. We’re seeing interest, but not conviction yet. Sustained inflows will likely require consistency in key areas especially FX stability and policy direction. Until then, this push-and-pull between inflows and outflows may continue.

 

[Crystal]

At this point, the key question is:

What will it take to convert cautious interest into sustained foreign participation?

Is it interest rates, FX stability, or stronger corporate earnings?