Nine in Every Ten Naira Traded in Lagos Now Comes From Nigerians
Local investors accounted for 89.21% of all trading on the Nigerian Exchange in the first seven months of 2026, a record, while the index fell for an eighth straight session. The post Nine in Every Ten Naira Traded in Lagos Now Comes From Nigerians appeared first on The Rio Times .
In the first seven months of 2026, domestic investors traded N10.68 trillion, making up 89.21% of all trading activity on the Nigerian Exchange, a record. Foreign transactions accounted for just 10.79% of the total, amounting to N1.29 trillion. This marks the ninth consecutive session of decline for the All-Share Index, which closed at 240,037.80 points on August 20, marking a 3.42% drop and a N5.44 trillion reduction in market value.
Despite this decline, the index remains 54.3% higher than the full year of 2025. The Nigerian Exchange's report shows a near doubling of domestic trading volume, which is driving the majority domestic market share.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
