Nigerian equities shed N648 billion as TIP and NREIT lead mid-week sell-off

Selling pressure broadens across the Nigerian market, extending a multi-week decline driven by election-related capital flight and profit-taking in blue-chip names.

Av Handelsavisen Newsroom · Automatisert 30. juli 2026, 06:42 UTC · 1 min lesetid

Nigerian equities lost N648 billion in value during mid-week trading, with the sell-off broadening across the market.

The decline was led by heavy selling in Tipple REIT (TIP) and Nigerian Real Estate Investment Trust (NREIT), which dragged down the broader index.

64 trillion in a single session as investors accelerated capital flight ahead of the country's upcoming general election.

The latest drop extends a period of sustained weakness for the Nigerian bourse.

The market had previously shed N3.64 trillion in a single session as investors accelerated capital flight ahead of the country's upcoming general election.

This mid-week loss marks a continuation of that trend, with the market recording a cumulative loss of N1.802 trillion over the previous five trading days.

The sell-off is now in its third consecutive week, driven primarily by profit-taking in blue-chip tickers.