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

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 Nigerian Exchange…