BREAKING: Foreign portfolio inflows to stock market tumble by 92.39% in April amid global uncertainty 

The significant decline, driven largely by the absence of block trades that boosted March activity, comes amid continued global uncertainty and growing caution among international investors.

According to data from the Nigerian Exchange (NGX), total foreign transactions also plummeted by 90.99%, from N699.89 billion in March to N63.07 billion in April.

Inflows accounted for just N26.64 billion, while outflows stood at N36.43 billion, resulting in a net capital outflow of N9.79 billion for the month.

The decline in April represents a sharp reversal from the strong foreign interest recorded in March, when foreign transactions made up 62.74% of total trade. In April, foreign participation plunged to just 13.08%, reflecting a weakened appetite for Nigerian equities as investors navigate risks linked to geopolitical headwinds.

In April 2025, global markets experienced heightened volatility following U.S. President Donald Trump’s announcement of sweeping tariffs, including a 14% levy on Nigerian exports.

This move disrupted trade flows and led to significant economic uncertainty worldwide.

For Nigeria, the tariffs posed challenges to its export economy, particularly affecting sectors beyond oil.

With macroeconomic headwinds, FX rate instability, and tightening global financial conditions, Nigeria needs to maintain deeper reforms for sustainable foreign interest. Until then, domestic institutions will remain the backbone of the equities market.