BusinessDay
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Foreign investors pulled $2.1 bln from Nigeria’s stock market in 2018

Foreign investors sold off Nigerian stocks valued at 642.65 billion naira ($2.1 bln) last year, stock exchange data showed, 48 percent more than in 2017 as worries over weak growth amidst lower oil prices depressed sentiment. Risk aversion triggered by interest rate rises in the United States reversed capital flows to frontier markets including Nigeria,…



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