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NGX Wipeout Hits MTN, BUA Foods

NGX Sell-Off Wipes N5.9 Trillion as MTN and BUA Foods Take Biggest Losses

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaAug 24, 2026

Nigeria's stock exchange recorded a single-session wipeout of N5.9 trillion, with MTN Nigeria and BUA Foods suffering the steepest losses. The sell-off adds to a reported N5.42 trillion 20-day correction on the NGX documented earlier this week, signalling sustained market stress.

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