According to the March edition of the Domestic & Foreign Portfolio Investment Report of the Nigerian Exchange Limited, transactions by foreign investors on the local bourse decreased by 53.16% from N19.62bn ($42.51m) in February 2023 to N9.19bn ($19.94m) in March 2023.

The report also noted that total transactions decreased by 19.06% for domestic investors and 22.60% for total transactions at the local bourse. In addition, the report revealed that foreign transactions accounted for only 6% of total transactions in March 2023, while domestic transactions accounted for 96%.

The Director-General of the Securities and Exchange Commission, Lamido Yuguda, attributed the decline in foreign direct investment in Nigeria to the uncertainty surrounding exchange rates and the lack of a conducive business environment, including insecurity and poor infrastructure.

source; punchng.com

https://punchng.com/foreign-transactions-on-ngx-fall-by-53-report/