Nigeria: Local Investors Panic As Global Market Tumbles

14 August 2011

Lagos — With growing panic about the debts of big eurozone countries like Italy and Spain, paired with fears the U.S. may be heading back into recession, equities price has been dwindling in the world.

In Europe, the FTSE 100 index of leading British shares was down 1.4 percent at 5,093 while Germany's DAX fell 2.5 percent to 5,814. The CAC-40 in France was 2.5 percent lower at 3,098.

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