Nigeria’s Equity Market Opens June with N1.81 Trillion Loss as T+1 Settlement Cycle Begins
On the first trading day under Nigeria's new T+1 settlement cycle, the stock market experienced a severe N1.811 trillion loss, driven by aggressive profit-taking in major equities like BUA Cement. This single-day decline dragged the All-Share Index down 1.13% and weakened the year-to-date return to 59.09%, with bearish sentiment overwhelming the market as 37 stocks closed in the red versus 24 gainers. The practical takeaway is that the transition to









