Monday, August 10, 2015

Nigerian Stock Market loses N1.032 Trillion since Buhari Came to Office

In 2 months since President Buhari took office, the Nigerian stock market has witnessed unprecedented losses amounting to over N1.032 trillion. The market capitalization has declined from N11.659 when Buhari came to office to N10.627 currently as at the end of trading on Thursday July 30th. The Nigerian stock markets are closed on Friday and Monday for celebration of Muslim Eid Holidays. The Index has lost 7.2 percent of its value in this quarter, thus becoming the worst performing stock market in the world outside of Chinese Stock Market according to the 93 Global stock market rankings tabulated by Bloomberg 

Read the rest on Africa Business World Link below

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