Pages

Showing posts with label Nigerian Economy. Show all posts
Showing posts with label Nigerian Economy. Show all posts

Monday, July 13, 2015

Nigeria Loses N1.3 Trillion In Market Capitalisation

The Nigerian Stock Exchange has fallen by N1.3tn from a high of N12.135tn recorded in April, The Punch reports.
Floor of the Nigerian stock market
Floor of the Nigerian stock market
The decline in market value is reportedly due to the equities sell-offs by foreign and local investors, forcing stocks to fall to a three-month low last Tuesday as investors who were worried about a shortage of dollars on the foreign exchange market sold shares.