Foreign outflows from the Nigerian Exchange (NGX) have increased significantly in February 2026, reaching N72.32 billion, a 9.12% rise from the previous month.
Experts note that this surge in foreign outflows is a worrying sign, despite improved inflows into the market. The improved inflows, however, have not been enough to offset the cautious sentiment among offshore investors.
The writer notes that the Nigerian economy is highly dependent on foreign investments, and such outflows can have a devastating impact on the country's financial stability.
The NGX has been experiencing a mixed performance in recent months, with both foreign and local investors showing cautious sentiment.
The Nigerian Exchange's foreign outflows are a stark reminder of the country's vulnerability to external market forces. The decision of offshore investors to pull out N72.32 billion from the NGX in February 2026 is a concerning trend that must be addressed by the relevant authorities. This development has significant implications for everyday Nigerians, who rely on a stable economy to access basic necessities like food, healthcare, and education. The economic impact of such outflows cannot be overstated, and it is imperative that the government takes concrete steps to mitigate this trend and restore investor confidence.
