Also, the All-Share Index lost 139.02 points to close at 47,063.28 compared with 47,202.30 posted on Friday.
Market sentiment was positive with 21 gainers relative to 17 losers.
With the approval, Airtel will be able to provide financial services in Nigeria.
The bellwethers are BUA Cement, MTN Nigeria Communications (MTNN) and Airtel Africa.
Airtel Africa’s share buy-back plan was said to have buoyed the impressive performance.
Using an exchange rate of N413.38, the total consideration is estimated to be N61.24 billion.
The market capitalisation lost N146 billion to close at N20.278 trillion.
The bullish run was influenced by gains in medium and large capitalised stocks.
Transactions on the nation’s bourse maintained a positive outlook on Tuesday, with the market capitalisation growing further by N163 billion, amid foreign investors’ interest.
Overall, the market was positive with 29 stocks gainers relative to 16 losers.
