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.

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 equities market closed lower on Tuesday as investors engaged in a fresh round of selling, according to Leadership newspaper. The benchmark All-Share Index fell by 2,897.67 points, or 1.17 per cent, to end the session at 244,802.11 points. Total market capitalisation also declined, shedding N1.878 trillion to close at N158.722 trillion, reflecting the bearish trading performance recorded across the exchange during the day.

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.

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.

In June, the Nigerian stock market experienced significant losses, with investors losing N13.3 trillion in value on the Nigerian Exchange Limited (NGX), marking the highest monthly loss recorded in the first half of the year. This decline is attributed to profit-taking activities among investors. Additionally, FTSE Russell has delayed Nigeria's Frontier Market status due to concerns regarding the T+1 settlement system, according to Vanguard Business.