The Nigerian equities market experienced a significant N889bn loss due to a pre-holiday sell-off ahead of the Eid-el-Kabir break. Learn more about the mark
May 26, 2026 8:51 pm
File photo: Nigerian Exchange market
The Nigerian equities market closed on a negative note on Tuesday, as a pre-holiday hangover triggered a broad-based sell-off across the bourse, wiping N889 billion off investors’ portfolios.
The sharp contraction occurred just as the Federal Government declared Wednesday and Thursday public holidays to mark the Eid-el-Kabir celebrations, prompting traders to liquidate positions to preserve capital ahead of the festive break.
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