Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his future after bouts of ill health.
A Reuters report on this noted that the stock market, which opened on a losing streak after Lafarge Africa announced a surprise 2017 loss, worsened its decline. “The equity market fell near 40,000 points,” the report said.
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