Nigerian Stocks Plummet, Wipe Out ₦2.8 Trillion Amid Investor Panic and Geopolitical Tensions

News Online Nigeria·7 Nov 2025·1 min read

The Nigerian stock market extended its losing streak, wiping out ₦2.8 trillion in market value. The decline was attributed to investor panic over the proposed 25% capital gains tax set to take effect in January 2026 and geopolitical tensions following threats of military action by U.S.

President Donald Trump against Nigeria. Stocks like NCR and McNichol gained, while Berger and Cileas were among the top losers.

Wema Bank (NGX: WEMABANK) and Conhall PLC recorded high trade volumes. Market activity slowed with 527 million shares traded.

Plus234Feed summary based on reporting from News Online Nigeria.

Nigerian Stocks Plummet, Wipe Out ₦2.8 Trillion Amid Investor Panic and Geopolitical Tensions

Chioma Adeleke Captivates Fans with Baby at Dinner

DMO to Auction N800 Billion in Treasury Bills on Nov 11

Southwest Monarchs Endorse Tinubu for 2027 Re-election

NDC fires back at Tinubu over wealth management, defends Obi record

Nigerian Stocks Plummet, Wipe Out ₦2.8 Trillion Amid Investor Panic and Geopolitical Tensions

Get the week in one email

Chioma Adeleke Captivates Fans with Baby at Dinner

DMO to Auction N800 Billion in Treasury Bills on Nov 11

Southwest Monarchs Endorse Tinubu for 2027 Re-election

NDC fires back at Tinubu over wealth management, defends Obi record