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.

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.

Nigeria's equities market extended its rally as total market capitalisation on the Nigerian Exchange (NGX) rose to a record N160.60 trillion, according to Tribune Online. The 0.65 per cent increase followed the listing of 8.09 billion new ordinary shares of Dangote Sugar Refinery Plc on the exchange. The gain outpaced the 0.29 per cent rise recorded previously, underscoring continued bullish momentum in the Nigerian stock market.

Equity investors on the Nigerian Exchange (NGX) lost about N1.88 trillion on Tuesday as renewed profit-taking hit major stocks including MTN Nigeria, First HoldCo, AccessCorp and GTCO, according to Daily Trust. The NGX All-Share Index fell 1.17 percent, shedding 2,897.67 points to close at 244,802.11, while the year-to-date return moderated to 57.31 percent. The decline reflects renewed selling pressure across the equities market.

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.