Dangote Refinery IPO Triggers N1.88tn Stock Market Loss as Investors Raise Funds

Dangote Refinery IPO Preparations Trigger N1.88trn Loss In Equities Market

Dangote Refinery IPO preparations trigger N1.88trn loss in equities market   By Taiye Olayemi The Nigerian equities market on Tuesday halted its three-day bullish rally as investors lost N1.879 trillion, following increased sell-offs ahead of the Dangote Petroleum Refinery IPO. Mr Aruna Kebira, Managing Director, Globalview Capital Ltd., attributed the market downturn to investors repositioning their portfolios ahead of the News Agency of Nigeria

Dangote Refinery IPO triggers N1.88trn loss in Equities Market as investors reposition

“The number of people selling is high. Today, our sales were about 15 times higher than purchases. Everybody is selling to prepare for the Dangote Refinery IPO and the further disruption expected in the market,” he said.

Dangote Refinery IPO Triggers N1.88tn Stock Market Loss as Investors Raise Funds

Nigeria’s equities market suffered a sharp decline on Tuesday as investors sold off shares valued at about N1.879 trillion amid preparations for the upcoming Initial Public Offer (IPO) of Dangote Petroleum Refinery. The decline ended a three-day positive run on the Nigerian Exchange Group (NGX), with market participants repositioning their portfolios ahead of the refinery’s […] The post Dangote Refinery IPO Triggers N1.88tn Stock Market Loss as …

Nigerian equities swing to N1.88 trillion losses ahead of Dangote Refinery IPO

The Nigerian equities market reversed Monday's bullish momentum in dramatic fashion on Tuesday, September 8, 2026, as the benchmark All-Share Index (ASI) declined 1.17% to close at 244,802.11 points, erasing approximately N1.88 trillion in market capitalisation in a single session.