{
  "id": 796524,
  "title": "NGX loses N613 billion as Unilever, consumer goods stocks extend market selloff",
  "url": "https://urgent.news/2026/08/13/ngx-loses-n613-billion-as-unilever-consumer-goods-stocks-extend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T18:51:47.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/08/13/ngx-loses-n613-billion-as-unilever-consumer-goods-stocks-extend-market-selloff/"
  },
  "original_language": "en",
  "account": "The Nigerian equities market continued its losing streak on Thursday, August 13, 2026, as selling pressure in consumer goods and certain large-cap stocks dragged down the NGX All-Share Index, causing a loss of approximately N613 billion in investors' wealth. This marked the fourth consecutive day of losses since the market reached a record high on Monday, August 10, when the ASI reached 248,529.75 points and the market capitalization surpassed N160 trillion. The ASI fell to 243,017.38 points, down 0.39%, while the market capitalization decreased to N156.88 trillion from N157.49 trillion. Overall, the market has lost about N3.54 trillion in value since Monday, bringing the year-to-date return down to 56.17%.",
  "summary": "The Nigerian equities market extended its losing streak on Thursday, August 13, 2026, as continued selling pressure in consumer goods and selected large-cap stocks pushed the NGX All-Share Index down another 0.39%, wiping approximately N613.09 billion from investors’ wealth. The post NGX loses N613 billion as Unilever, consumer goods stocks extend market selloff appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}