Nigeria’s stock market faced its worst-ever trading day as panic selling erased trillions from investors’ portfolios in hours.
Nigeria’s stock market suffered a historic meltdown on November 11, 2025, losing N4.6 trillion in a single session as the All-Share Index (ASI) plunged 5.01% to 141,327.30 points. Market capitalization dropped from N94.5 trillion to N89.9 trillion, the steepest one-day fall ever recorded.
Massive selloffs in heavyweights MTN Nigeria, Dangote Cement, BUA Cement, Transcorp, and Zenith Bank triggered the rout, each falling around 10%. Analysts linked the crash to fears over the January 2026 capital gains tax, geopolitical tensions after Donald Trump’s military threats, and profit-taking by investors.
Only Berger Paints, FCMB, and Axa Mansard Insurance closed higher, while trading volume surged 800%, reflecting panic-driven exits.
Despite the collapse, the ASI remains up 37% year-to-date, showing prior market strength. Experts warn volatility may persist as investors pivot to fixed-income assets amid global uncertainty.
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