Stock market losses N1.9trn to profit-taking

Author: Urowayino JeremiahPublished on: September 14, 2026Country: Nigeria

Business & Economy

Stock market losses N1.9trn to profit-taking

The Nigerian equities market lost N1.9 trillion due to widespread profit-taking, reversing the previous week's bullish trend. The NGX market capitalization declined to N157.587 trillion, while the ASI dropped by 1.6% to close at 243,052.74 points. This sell-off is linked to portfolio repositioning ahead of the Dangote Refinery IPO, which opens for public subscription on September 14, 2026.

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