The total value of transactions executed by domestic investors outperformed transactions by foreigners by 76 per cent in July market data
showed.This comes as total transactions by foreigners fell by 30 per cent between June and July. showed.This comes as total transactions by foreigners fell by 30 per cent between June and July.
The transaction data for 2024 also showed that total domestic transactions stood at N2.5 trillion, while total foreign transactions were N598 billion. On a monthly basis, the report indicated that as of July 31, 2024, total transactions at the country’s bourse increased significantly by 38.7 per cent from N354.6 billion in June to N491.6 billion in July.
Over 17 years, domestic transactions decreased by 10.9 per cent from N3.6 trillion in 2007 to N3.1 trillion in 2023, while foreign transactions also decreased by 33.3 per cent from N616 billion to N411 billion over the same period. A policy analyst, Arabinrin Aderonke, has offered insight into how the Chairman of the Federal Inland Revenue Service , Dr. Zacch Adedeji, is boosting confidence in the cryptocurrency market in the country. In a piece titled "Zacch Adedeji: Bringing Sanity Through Regulation to Crypto World," Aderonke remarked that cryptocurrency has become a major financial phenomenon…
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