Nigerian Stock Market Records First Loss in 2026, Over N457 Billion Wiped Out
The Nigerian stock market recorded its first loss in 2026 as over N457 billion was wiped out. The benchmark All-Share Index (ASI) fell by 0.43% on Thursday, January 15, closing at 166,057.29 points, down from 166,771.95 points in the previous trading session.
Market sentiment was bearish, with McNichols Plc leading the declines against Nestle Plc, which saw an increase. Zenith Bank continues to be Nigeria's largest dividend payer due to its strong earnings and disciplined payout policy.
Investors are focusing on dividend-paying stocks for stable returns amidst market volatility.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Stock Market Drops N577bn Amid Profit-Taking
Nigerian Stock Market Drops by N395bn Amid Intensified Profit-Taking
Nigerian Equity Market Loses N472 Billion Amid Bearish Trend
Nigerian Equities Market Slumps, Investors Lose N34 Billion
Nigerian Stock Market Drops by N310.85 Billion on Profit-Taking in Zenith Bank and Others
Ojulari's NNPCL Reforms Enhance Trust in Tinubu's Government
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
