NGX sheds another N540 billion as MTN Nigeria, Zenith Bank, GTCO, drag stocks lower
AI Executive Briefing
Verified Synthesis~132s readZenith Bank declined 2.17% to N117.40, while GTCO lost 1.80% to N119.80. The Nigerian equities market lost another N540 billion on Friday, November 6, 2026, as sustained selling in MTN Nigeria, Zenith Bank, GTCO, HBM Nigeria and Fidelity Bank extended the previous session’s sharp decline.
Context & Background
- ✦HBM Nigeria and Fidelity Bank also recorded losses of 2.48% and 3.51%, respectively.
Key Figures & Named Entities
Friday:The Nigerian equities market lost another N540 billion on Friday, November 6, 2026, as sustained selling in MTN Nigeria, Zenith Bank, GTCO, HBM Nigeria and Fidelity Bank extended the previous session’s sharp decline.Friday:But on a week-to-date basis, the market declined by N3.520 trillion, from N165.114 trillion opening level on November 2, to N161.593 trillion on Friday, November 6, 2026 representing 2.13% drop in one week.1.53%:MTN Nigeria led the heavyweight sell-offs, falling 1.53% to N837.00 and shedding N13.00 per share.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Zenith Bank declined 2.17% to N117.40, while GTCO lost 1.80% to N119.80.
- The Nigerian equities market lost another N540 billion on Friday, November 6, 2026, as sustained selling in MTN Nigeria, Zenith Bank, GTCO, HBM Nigeria and Fidelity Bank extended the previous session’s sharp decline.
- HBM Nigeria and Fidelity Bank also recorded losses of 2.48% and 3.51%, respectively.
Key Facts:Friday: The Nigerian equities market lost another N540 billion on Friday, November 6, 2026, as sustained selling in MTN Nigeria, Zenith Bank, GTCO, HBM Nigeria and Fidelity Bank extended the previous session’s sharp decline.Friday: But on a week-to-date basis, the market declined by N3.520 trillion, from N165.114 trillion opening level on November 2, to N161.593 trillion on Friday, November 6, 2026 representing 2.13% drop in one week.1.53%: MTN Nigeria led the heavyweight sell-offs, falling 1.53% to N837.00 and shedding N13.00 per share.2.17%: Zenith Bank declined 2.17% to N117.40, while GTCO lost 1.80% to N119.80.
Editorial Excerpt
The Nigerian equities market lost another N540 billion on Friday, November 6, 2026, as sustained selling in MTN Nigeria, Zenith Bank, GTCO, HBM Nigeria and Fidelity Bank extended the previous session's sharp decline.
Frequently Asked Questions About This Story
What is the latest development regarding United Bank for Africa?
Zenith Bank declined 2.17% to N117.40, while GTCO lost 1.80% to N119.80.
Who are the key organizations or public figures mentioned?
The Nigerian equities market lost another N540 billion on Friday, November 6, 2026, as sustained selling in MTN Nigeria, Zenith Bank, GTCO, HBM Nigeria and Fidelity Bank extended the previous session’s sharp decline.
What timeline or key figures were confirmed?
The Nigerian equities market lost another N540 billion on Friday, November 6, 2026, as sustained selling in MTN Nigeria, Zenith Bank, GTCO, HBM Nigeria and Fidelity Bank extended the previous session’s sharp decline.
