Stock market transactions rose 78.93% to N1.54tn in February ’26

Total transactions in the Nigerian stock market increased 78.93% to N1.54 trillion (approximately $1,131.27 million) in February 2026 from N862 billion (approximately $621.67 million) in January 2026.

A report by the Nigerian Exchange Limited (NGX) released on Wednesday, showed that total transactions YtD February increased 115.4% to N2.404 trillion from N1.116 trillion YtD February 2025.

The total value of transactions carried out by domestic investors outperforms transactions carried out by foreign investors by around 82%.

Additionally, foreign portfolio investment through the stock market increased by 39.4% in February 2026 to N66.71 billion from N47.86 billion in the same period in 2025.

It also showed that foreign investment outflow increased by 9.1% to N72.32 billion in February from N66.28 billion in January.

On a Year to Date basis, YtD ends in February; Foreign investment inflows grew by 162.1% to N114.57 billion from N43.71 billion YtD February 2025.

The report further showed that in February 2026, total transactions on the country’s exchange increased significantly by 78.93% to N1.54 trillion (approximately $1,131.27 million) in February 2026 from N862 billion (approximately $621.67 million) in January 2026.

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Furthermore, February YtD performance showed total transactions increased 115.4% to N2.404 trillion from N1.116 trillion YtD February 2025.

The total value of transactions carried out by domestic investors outperforms transactions carried out by foreign investors by around 82%.

The report further revealed that institutional investors outperformed retail investors by 22%. A comparison of domestic transactions in the current month and the previous month (January 2026) shows that retail transactions increased by 52.42% from N359.86 billion in January 2026 to N548.50 billion in February 2026.

However, the institutional composition of the domestic market increased significantly by 120.33% from N387.97 billion in January 2026 to N854.83 billion in February 2026.

Commenting on the report, Tajudeen Olayinka, Investment Banker/ Chartered Stockbroker, said: “I think this report tells the story behind the increasing stability in the foreign exchange market. A situation of persistent increase in foreign exchange reserves and reduction in inflation and interest rates. This gives credence to the forward thinking and inevitable Adjustment Program initiated by President Bola Ahmed Tinubu’s government in 2023, which although painful, is a pill to swallow to address some of the disturbing issues surrounding imbalances macroeconomics.

“So, so far, increasing foreign portfolio inflows are good for the Nigerian economy and markets in the short to near term, but other unresolved structural issues must also be addressed by the government as quickly as possible, to deal with possible reversals in capital flows that could arise from external shocks.”