Nigerian Stock Market Loses Over N90 Billion, Heavyweight Stocks Drive Decline

The Nigerian stock market continued its bearish trend on October 28, 2025, with the NGX All-Share Index dipping by 0.09% to close at 155,353.20 points. Investors lost over N90.73 billion as market capitalization fell to N98.61 trillion year-to-date.

The decline was fueled by a selloff in heavyweight stocks across the banking, consumer goods, and industrial sectors. Top decliners included Ikeja Hotel PLC, PZ Cussons PLC, and Wema Bank PLC.

Zenith Bank, Access Bank, and other major banks were among the top performers. A total of 525.45 million shares worth N25.40 billion were traded in 32,430 deals.