Foreign investors are largely staying away from Nigeria’s stock market this year, according to reports citing shifts in portfolio allocations toward fixed-income assets. The outlets say foreign investors are choosing government bonds or other fixed-income instruments rather than equities, leaving Nigerian stocks with limited international participation even as the equity market performs strongly.
The coverage points to a rapid rise in Nigerian equities over the year, describing a roughly 66% rally that places the market among the top performers globally. Despite this strong stock-market performance, investors reportedly continue to emphasize fixed-income exposure, resulting in foreign demand that does not fully track the equity gains.
The reports attribute the divergence to investor preferences rather than a change in the underlying equity returns, noting that the decision to favor fixed-income assets means foreign investors miss the equity rally. No specific reason—such as policy changes, capital controls, or particular corporate developments—is cited in the provided summaries; the emphasis is on the observed pattern of fund flows and portfolio choices.
