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Nigerian equities slump 0.50% driven by maximum losses in Nestlé, BUA Foods

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Nigerian equities slump 0.50% driven by maximum losses in Nestlé, BUA Foods

23 Jul, 2026

The Nigerian equities market snapped its two-day rally on Wednesday, July 22, 2026, with the NGX All-Share Index (ASI) declining 0.50% to close at 245,418.37 points, down from 246,659.56 points at Tuesday’s close. Market capitalisation fell to N158.32 trillion from N159.12 trillion, wiping out approximately N800.70 billion in investor value during the session. The session’s losses were largely driven by double-digit declines in two of the market’s largest consumer goods names.......................................READ MORE