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 recorded another major sell-off on Wednesday, losing about N1.67 trillion in value, as investors scrambled to raise cash ahead of an anticipated Dangote initial public offering, according to Tribune Online. The report indicates that the sell-off on the Nigerian Exchange was driven by demand for funds to participate in the forthcoming listing. The story, published by the Nigerian newspaper on 9 September 2026, does not specify which Dangote entity is going public.

Nigeria's equities market recorded a loss of N1.88 trillion as investors sold off holdings to reposition ahead of the anticipated Dangote Refinery initial public offering. According to PM News, a market source said sales were about 15 times higher than purchases, noting that widespread selling reflected expectations of the IPO and anticipated further market disruption.

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.

Nigeria’s stock market extended its losing streak as investors continued selling equities, according to Legit.ng. The report said the market shed N1.67 trillion in value, with breadth sharply negative: 44 stocks declined against only 11 gainers. The figures point to sustained selling pressure across listed companies, but the provided report did not specify the drivers behind the sell-off or identify the worst-hit sectors.

Nigeria’s equities market turned bearish as profit-taking ended a recent run of gains, according to Leadership. The benchmark index fell and about N1.878 trillion was erased from market capitalisation in a broad-based selloff. Only four stocks closed higher during the session, while declines dominated other counters, halting the prior bullish momentum and reducing overall market value.