Nigerian stocks can’t hold 250K level without Dangote refinery

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Nigeria’s NGX All-Share Index recently crossed 250,000 points but fell 1.98% to 249,710.59 on November 5, 2026, amid profit-taking in large blue-chip stocks. The article argues that the market may struggle to sustain that level without the Dangote refinery.

The NGX All-Share Index recently breached the 250,000-mark, triggering a profit-taking trend in large blue-chip counters. The NGX All-Share Index shed 1.98% to close at 249,710.59 points (a decline of 5,052.22 points) on Thursday, November 5, 2026. The post Nigerian stocks can’t hold 250K level without Dangote refinery appeared first on Nairametrics.