The Nigerian equities market has recorded ten consecutive days of losses, with the All-Share Index falling 3.69% to 239,351.16 points since the market high on August 10, 2026. This two-week correction has erased N5.9 trillion in market capitalization, dragging the total value down to N154.53 trillion. Blue-chip stocks, including BUA Foods and MTN Nigeria, led the decline, accounting for nearly half of the total market value loss. Trading activity also slowed significantly, with total trade volumes dropping by nearly 49% as investors moved to lock in gains from the earlier rally. Despite this downturn, the market remains positive with a year-to-date return of 53.81%. Meanwhile, the National Insurance Commission has revoked the operational license of Universal Insurance, leading to the suspension of its shares from the NGX.

Major Nigerian manufacturers are increasingly bypassing commercial bank loans for capital market instruments like commercial papers and bonds to reduce financing costs. An analysis of 12 top-listed companies revealed that combined loans and borrowings dropped by 48.7 percent to 2.03 trillion naira in the first half of 2026. This shift comes as manufacturers face high lending rates and systemic credit aversion from banks, forcing a reliance on alternative fixed-income funding to manage working capital and liquidity.

The Nigerian equities market opened the week with a positive performance, as the NGX All-Share Index climbed 0.18% to 245,730.53 points. Market capitalization increased by N288.44 billion to reach N158.61 trillion, driven by gains in major banking stocks including First HoldCo, UBA, Zenith Bank, and GTCO. Despite the index rise, market breadth remained negative, with 38 stocks declining compared to 24 gainers. Notable decliners included ETI, which fell 9.95%, and Cadbury Nigeria, which dropped 9.92%. Total trading volume and value saw declines, even as the number of deals rose by 30.76%.

The Nigerian equities market closed lower on Monday, July 27, as the All-Share Index declined by 0.05% to 247,238.74 points. This shift erased approximately N76.56 billion in market capitalisation, bringing it to N159.51 trillion. The downturn was primarily driven by profit-taking across insurance, consumer goods, and industrial sectors, while banking stocks bucked the trend to close as the day’s sole sectoral gainer. Despite the decline, market activity intensified, with a 73.6% surge in total value traded to N57.20 billion. Aradel Holdings led value contributions, accounting for 48.2% of the total turnover. Market breadth was negative, with 32 stocks declining against 28 advancers.

The Nigerian equities market recorded a significant downturn on Monday, with the All-Share Index falling 0.84% to 241,749.11 points. Market capitalization shrunk by approximately N1.32 trillion, dropping to N155.13 trillion as profit-taking triggered widespread sell pressure across 46 stocks.

The industrial goods sector was the hardest hit, led by a 9.99% decline in BUA Cement. Other significant laggards included PZ Cussons, which fell 10%, along with notable losses in major banking stocks like FCMB Group, FBN Holdings, Zenith Bank, and GTCO. Despite the negative price movement, market activity increased, with trade volume rising 18.66% and total value traded jumping 33.39% to N22.28 billion. The market’s year-to-date return currently stands at 55.35%, with analysts attributing the sell-off to investor portfolio rebalancing.

The Nigerian equities market recorded a significant decline on Monday, with investors shedding N1.32 trillion in market capitalization as profit-taking swept through the industrial goods, banking, and consumer goods sectors. The NGX All-Share Index fell by 0.84% to close at 241,749.11 points, bringing the market capitalization to N155.13 trillion.

The session was marked by intense sell pressure, with 46 stocks recording losses against 19 gainers. BUA Cement led the industrial retreat with a 9.99% decline, while PZ Cussons emerged as the day’s biggest loser, dropping 10%. Banking heavyweights, including FCMB and First HoldCo, also faced notable declines. Despite the negative price movement, market activity intensified, with trade volume rising by 18.66% and total value surging by 14.81% to N22.28 billion. Year-to-date returns now stand at 55.35%.