Nigerian Equities Shed N1.88 Trillion Ahead of Dangote Refinery IPO

The Nigerian Exchange recorded N1.88 trillion in market losses in a single session, a move analysts are linking to investor repositioning ahead of the Dangote Refinery IPO. The session-level volatility reflects the scale of anticipated capital reallocation toward the public offer. The loss is consistent with routine pre-IPO market dynamics and does not signal a structural deterioration in equities sentiment.