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 (NGX: MCNICHOLS) Plc leading the declines against Nestle (NGX: NESTLE) Plc, which saw an increase. Zenith Bank (NGX: ZENITHBANK) 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.