Foreign capital outflows from the Nigerian Exchange (NGX) increased by 9.12% in February 2026, reaching ₦72.32 billion compared to ₦66.27 billion in January.
This rise occurred despite a concurrent 15.4% improvement in foreign inflows, which climbed to ₦58.41 billion during the same period.
The data indicates that while international interest in Nigerian equities is recovering, investors are simultaneously accelerating the repatriation of funds, resulting in a net foreign outflow for the month.
Market analysts attribute this trend to a combination of profit-taking following recent market gains and lingering concerns regarding currency volatility.
Total foreign participation in the exchange accounted for approximately 18% of the month’s aggregate turnover, with domestic institutional and retail investors continuing to dominate market activity.
Despite the increased outflows, the NGX All-Share Index maintained a resilient posture, supported by strong earnings reports from major listed corporates in the banking and industrial sectors.