CBN rate cut triggers N1.141trn loss at NGX
Central Bank of Nigeria cuts benchmark interest rate by 50 basis points to 26.50%, causing N1.141 trillion market value loss at Nigerian Exchange. Trading ended in red with heavy sell-offs across large-cap stocks like DAAR Communications, Tantalizers, and BUA Foods. Market cap fell to N124.827 trillion (0.92% drop), All-Share Index shed 1,778.95 points. Tantalizers and DAAR Communications led declines at 10% each. Jaiz Bank gained 10% as top gainer. Trading volume dropped 12% but transaction value rose 44%. Year-to-date return trimmed to 24.98%.
SOURCE: https://dailypost.ng/2026/02/25/cbn-interest-rate-cut-triggers-n1-141trn-loss-at-ngx/