Trump’s threat sparks massive sell-offs in Nigerian stock market as investors lose N2.8tn.

The Nigerian stock market recorded a significant downturn in the last five days as investors at the Nigerian Exchange Limited, NGX, lost a massive N2.8 trillion between November 3 and 7, 2025.

Equity market capitalisation fell sharply to N94.9 trillion, while the All-Share Index, ASI, declined by 2.99 per cent, dropping to 149,524.81 points from the previous week’s 154,126.46 points.

The market traded bearish throughout the week under review.

On Monday alone, investors shed N245.88 billion. The negative trend continued on Tuesday with a further loss of N611.96 billion. By Wednesday, the market posted its worst decline of the week, with investors losing N1.31 trillion in a single trading session — the largest drop recorded during the period.

The sell-offs persisted as the market dipped again by N347.75 billion on Thursday and closed the week weaker with an additional loss of N318.78 billion on Friday, pushing the total weekly loss to N2.8 trillion.

Meanwhile, market activity also slowed.

Investors traded 3.575 billion shares valued at N107.011 billion in 146,429 deals, compared to the previous week’s 7.479 billion shares worth N145.429 billion exchanged in 159,487 deals.

The financial services industry dominated the trading volume chart with 2.946 billion shares worth N65.904 billion across 62,817 deals. Fidelity Bank Plc, FCMB Group Plc, and Aso Savings & Loans Plc led trading by volume, accounting for 1.288 billion shares valued at N19.3 billion in 11,536 deals, representing 36.03 per cent and 18.08 per cent of the total market turnover in volume and value, respectively.

In price movement, 20 equities appreciated during the week—down from 29 in the previous week. Meanwhile, 75 equities declined, higher than the 70 recorded previously, while 51 remained unchanged.

Suspected Thief Hides in Bank Ceiling, Allegedly Tries to Hack Systems Overnight

Panic broke out at a FCMB bank branch in Lagos after a suspected thief was found hiding in the ceiling allegedly attempting to tamper with the bank’s systems

Eyewitnesses say the man entered the bank during business hours & quietly locked himself in the restroom. From there, he reportedly climbed into the ceiling, remaining hidden until after closing time when all staff had left

By the next morning, bank staff arrived to find a door mysteriously locked from the inside. After forcing it open, they were shocked to discover the intruder who appeared to be meddling with some of the bank’s systems. Screens on some computers reportedly displayed unusual messages like “restarting click ok to accept.”

In a now-viral video, the suspect is seen begging for mercy, claiming he acted alone. Though the bank has yet to issue an official statement, several clips show the man being detained & handled roughly by security officials at the scene

Suspected Thief Hides in Bank Ceiling, Allegedly Tries to Hack Systems Overnight

Panic broke out at a FCMB bank branch in Lagos after a suspected thief was found hiding in the ceiling allegedly attempting to tamper with the bank’s systems

Eyewitnesses say the man entered the bank during business hours & quietly locked himself in the restroom. From there, he reportedly climbed into the ceiling, remaining hidden until after closing time when all staff had left

By the next morning, bank staff arrived to find a door mysteriously locked from the inside. After forcing it open, they were shocked to discover the intruder who appeared to be meddling with some of the bank’s systems. Screens on some computers reportedly displayed unusual messages like “restarting click ok to accept.”

In a now-viral video, the suspect is seen begging for mercy, claiming he acted alone. Though the bank has yet to issue an official statement, several clips show the man being detained & handled roughly by security officials at the scene

"A customer entered our FCMB bank in Secretariat yesterday, went straight to the toilet and locked himself there, then climbed inside the ceiling. When he noticed that all the staffs had gone, he came down and tried to hack all the systems. He also locked himself inside. This morning when my colleagues arrived the office, they noticed the door was locked from inside. They had to break the door and go in, that’s when they noticed that someone was on top of the ceiling. Immediately they turned on their system, it started showing *“restarting, click ok to accept”*"