Naira, Stocks Fall After Trump Talk Military Wahala

Nigeria financial market don start November 2025 bad as di naira and stocks drop sharp after United States President Donald Trump talk say e fit carry military action go Nigeria because of alleged religious wahala. Central Bank data show say naira wey don reach N1,421.73/$ don fall to N1,436.34/$ on Monday, na 1.03% drop or N14.61 loss in one day. For parallel market, e reach N1,455/$ as investors dey fear and demand for forex don rise. Trump, for im Truth Social platform, call Nigeria “country of particular concern” and tell US Department of War make dem ready for “possible action” if dem continue to report killings of Christians. Di Trump talk about “Christian genocide” don trigger global wahala and uncertainty for Nigeria economy.

Di wahala carry enter stock market quick. Nigerian Exchange Limited All-Share Index drop 0.25% to 153,739.11 points, market cap fall N245.88bn to N97.58tn. Aradel Holdings (-9.21%) and Access Corporation (-3.07%) make market drop, Union Dicon (+9.93%) and Honeywell Flour Mills (-10%) top gainers and losers. Trading volume and value don fall 87.94% and 44.64%, total units 627.5 million worth N25bn. Oil & Gas, Commodities, Insurance, Banking lose small, Consumer Goods rise 0.49%, Industrial sector flat. For bond market, Cowry Assets report say appetite for Nigeria Eurobonds don weak, average yield rise 5bps to 7.70%, US$ bonds worst-performing among emerging markets. Analysts like Tilewa Adebajo talk say di reaction no go last, market still strong, but Dr Musa Yusuf warn say Trump threat fit shake investor confidence, destabilise economy, and worsen humanitarian wahala. Analysts dey wait US policy clarity and Nigeria diplomatic response, dem talk say sustained stability need calm, confidence-building, and consistent macroeconomic policy from Federal Government and CBN.