•FTSE Russell delays Nigeria’s Frontier Market status over T+1 concerns
By Peter Egwuatu
The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first six months of 2026.
Despite the sharp decline in June, equity investors recorded a gain of N44.8 trillion in the first half of 2026 (H1’26), reflecting improved capital gains.
Market analysts attributed the bearish performance in June to sustained profit-taking in blue-chip and fundamentally sound stocks, which overshadowed bargain hunting and extended the market’s recent corrective trend.
