Nigerian equity markets have lost N11 trillion in value from their recent peak, marking a deepening correction driven by sustained investor outflows.
The sell-off reflects growing risk aversion among domestic and foreign participants as the country approaches its upcoming general election.
18 trillion, with the latest data pushing the total drawdown to N11 trillion.
The decline follows a sharp drop earlier in the week, when the market shed N3.64 trillion in a single session.
Over a 19-day period, cumulative losses have reached N9.18 trillion, with the latest data pushing the total drawdown to N11 trillion.
The broad-based nature of the rout suggests that selling pressure is not confined to specific sectors but is instead a systemic response to political uncertainty.
Investors are accelerating capital flight to shield portfolios from potential volatility surrounding the election.