According to the Nigerian Exchange Limited (NGX), foreign transactions were N540.48 billion between January and June 2024.

This was stated in NGX's report titled 'Domestic & Foreign Portfolio Investment', which was released Wednesday.

According to the business, Nigeria's foreign transactions climbed from N145.08 billion reported in the first half (H1) of 2023.

According to the study, foreign investment inflows totaled N229.07 billion in the first half of 2024, up from N72.02 billion in the same time previous year.

However, N311.41 billion of portfolio investments were liquidated in the first half of this year, compared to a foreign outflow of N73.06 billion in the same period in 2023.
 

A further breakdown of the report showed that transactions of N2.06 trillion from domestic investors in H1 2024.

This brought the total worth of domestic and foreign transactions in H1 2024 to N2.60 trillion as of June 31.

“The performance of the current month when compared to the performance in June 2023 (N406.75 billion) revealed that total transactions decreased by 12.83 percent.

“In June 2024, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by 54 percent”, the report stated.