Nigeria: Stock Market Sheds N173 Billion in Three Days

12 August 2010

Lagos — Value of equities at the stock market has plunged by N173 billion or 2.7 per cent in the last three days as efforts by the Interim Administrator appointed by the Securities and Exchange Commission (SEC) to stabilise the stock market, Mr. Emmanuel Ikhazoboh, are yet to yield the desired results.

The decline in market came amid strong indications that the interim administrator has effected some minor changes at the top management level of the Nigerian Stock Exchange (NSE).

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