The Nigerian equities market has experienced a significant downturn, with a loss of approximately N8.24 trillion over a three-week period following the transition to a T+1 settlement cycle on June 1. This adjustment has prompted a technical correction that has impacted stock valuations across various sectors. Market analysts have noted that the shift to T+1, which aims to enhance liquidity and efficiency, has coincided with this substantial decline in market capitalization. The ongoing correction reflects broader trends and adjustments within the Nigerian financial landscape.
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