Nigerian stocks fell to a new eight-year low on Monday after President Muhammadu Buhari ordered a lockdown of two of the country’s biggest cities to stop the spread of coronavirus.
The all share index dropped 2.43% to 21,330 points, dragged down as shares in the banking sector and MTN Nigeria, its second-biggest listed firm, declined.
MTN Nigeria, the local unit of South African telecoms group MTN, shed 10% to its listing price of 90 naira.
