The Nigerian equities market reversed Monday's bullish momentum on Tuesday, September 8, 2026, with the benchmark All-Share Index falling 1.17% to close at 244,802.11 points, according to Nairametrics. The decline wiped out approximately N1.88 trillion in market capitalisation in a single trading session. The selloff comes ahead of the anticipated Dangote Refinery initial public offering, which has drawn significant attention from investors in Africa's largest economy.

The Nigerian equities market continued its bullish run on Monday, with overall market capitalisation crossing N160 trillion for the first time, according to Leadership. The All-Share Index gained 707.34 points, or 0.29 per cent, to close at 247,699.78 points, while market capitalisation rose by N1.041 trillion to N160.600 trillion. The gains were buoyed by the listing of 8.09 billion shares, the report said.

Nigeria's equities market recorded a sharp sell-off on Tuesday, with losses in banking and insurance stocks wiping N1.88 trillion from investors' wealth, according to Tribune Online. The Nigerian Exchange Limited All-Share Index fell 1.17 per cent to close at 244,802.11 points, down from the previous session. Despite the decline, the benchmark index retained a year-to-date return of 57.31 per cent, reflecting strong overall performance in the market so far this year.

On June 24, 2026, the Nigerian equities market experienced its largest single-day decline of the year, with a loss of N3.64 trillion in investor wealth. This drop was primarily driven by profit-taking in major cement and power stocks, including BUA Cement, Dangote Cement, and Geregu, which overshadowed the previous days' buying momentum and halted the market's recovery efforts.

The Nigerian stock market experienced a decline of 1.21% last week as investors opted to take profits, despite an increase in trading activity. Financial services stocks were the primary contributors to this downturn, with ten companies leading the decliners, according to Legit.ng.

The Nigerian stock market experienced a decline of N3.6 trillion, reversing two consecutive days of gains. This drop was attributed to widespread profit-taking activities, particularly in BUA Cement, which saw a 10 percent decrease in its stock value. Additionally, 37 other stocks were affected, contributing to the overall market downturn, according to ThisDay Live.