Nigerians Invest N981 Billion in Stocks in First 7 Months of 2025

Nigerians invested over N981 billion in stocks listed on the Nigerian Exchange (NGX). This is a big increase of 56% compared to N630 billion invested during the same time in 2024. This shows more Nigerians are getting involved in the stock market.

However, the data also shows that withdrawals were higher, with N1.007 trillion pulled out by retail investors. This is a 57% increase from the N640.9 billion withdrawn in the same period in 2024. This shows that while more Nigerians are investing, many are also pulling out their money, pointing to a shift towards more active participation in the stock market.

The data shows that in July, N235.3 billion was invested, but N281.2 billion was withdrawn, leaving a net outflow of N45.6 billion. Other months had the following investments: N130.3 billion in January, N99.1 billion in February, N103.3 billion in March, N98.3 billion in April, N172.3 billion in May, and N142.7 billion in June.

One of the key reasons for this increase in investment is the rise of investment apps that make it easier for people, especially young Nigerians, to invest in the stock market. According to the Central Securities Clearing System (CSCS), about 151,749 new brokerage accounts were opened from January to May 2025. Apps like Bamboo and Afrinvestor are leading the way in providing easy access to the stock market.

Samuel Oyekanmi, a research associate at Norrenberger, said, “Almost every professional in the investing space has had someone ask for advice about Nigerian stocks recently.”

The rise in retail investment is also helped by big stock gains. For instance, Beta Glass has grown by over 600%, and MTN Nigeria has gone up by 118% this year. These strong performances have led to discussions on social media, with many people now more interested in learning about stocks and following financial influencers.

Despite the increase in retail investment, domestic institutional investors are still the main players in the Nigerian stock market. Between January and July 2025, institutions made up 46% of total trading activity, investing N1.475 trillion and withdrawing N1.26 trillion, with a net inflow of N213 billion. Their investments are usually long-term, unlike the quicker changes seen with retail investors.

Overall, the trend shows that Nigeria’s stock market is becoming more inclusive and accessible to everyday people. Thanks to apps, social media, and easier access to brokerage accounts, more Nigerians are getting involved in wealth creation through the stock market.

Experts, however, warn that the next challenge is ensuring this increase in participation leads to long-term wealth building and not just quick profits. With more Nigerians exposed to stocks, there is a growing need for investor education, better regulation, and market stability.