Nigerian Stocks closed the day down by 0.75 percent as investors sold amid uncertainty over protests that have gripped Africa’s largest economy for the past 2 weeks.
The NSE-All share index was down 216 index points to 28,449 points.
Banks and industrial stocks led the decline with UBA down 4.35 percent, Lafarge Africa down 4.42 percent, United Capital down 7 percent, and FBN Holdings down 3.17 percent.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
