June sell-off wipes N11tn off NGX as Dangote IPO speculation, CBN draft rule rattle market

Nigerianobservernews | 28-06-2026 06:17am |

Nigeria’s equities market suffered its bloodiest stretch of 2026 in June, with investors losing more than N11 trillion in market value as a sharp correction in high-flying stocks, persistent regulatory uncertainty in the banking sector, attractive fixed-income yields, and fresh positioning ahead of a possible Dangote Refinery listing combined to deepen the sell-off on the

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