FOREIGN PORTFOLIO INVESTMENT FLOW (FPIF) AND NIGERIAN STOCK EXCHANGE (NSE)

This work scrutinized the association linking Foreign Portfolio Investment Flow (FPIF) and Nigerian Stock Exchange NSE) (1981-2022). To accomplish primary goal, FPIF was represented by Equity (EFPI), Bond (BFPI), Money Market Instrument (MMIFPI), Nigeria Total Capitalization (TMKTC). An ex-post facto research design used for this investigation. Data investigation primarily secondary data; from NSE reports, CBN statistical Bulletins, World Development Indicators (WDI), IMF World. After that, unit root test determined stationarity, then Johansen co-integration examined long run relationship among variables under study. It employed E-VIEW 9.0 analysis. The finding revealed that EFPI has positive insignificant effect on TMKTC while BFPI MMIFPI have considerable consequence TMKTC. Based these findings, it recommended strong supervisory regulatory structure to ensure strict compliance with various policies targeted at tracking controlling indiscriminate capital transmission through EFPI.
 Keywords: Portfolio, Exchange, Flow, Security, Marketability, Liquidity Transformation.