Nigerian Exchange Loses N1.34tn Amid Market Decline

On October 6, 2026, the Nigerian Exchange reported a bearish trading session, resulting in a decline of N1.34tn in equity market capitalization, which fell from N162.39tn to N161.05tn. The All-Share Index decreased by 2,054.25 points, closing at 248,042.50, down from 250,096.75 the previous day.

Throughout the trading week, the index peaked at 250,808.27 on October 2 before declining to its lowest point of 248,042.50 by Thursday's close. The Central Bank of Nigeria's monetary policy rate remained at 23.00 percent.

Major equity indices reflected broad losses, with the NGX Main-Board Index slipping from 10,851.32 to 10,763.46, and the NGX 30 Index falling from 9,203.79 to 9,124.73. The NGX Premium Index closed at 31,242.54, down from 31,511.96.

Additionally, the NGX Banking Index decreased to 2,639.74, and the NGX Insurance Index eased to 1,088.85, while the NGX Pension Index fell to 13,017.42, and the NGX Oil/Gas Index dropped sharply from 6,237.88 to 5,996.24.