Nigeria Stock Exchange Indices Fall to Negative Over Sanusi's Suspension

22 February 2014

In stock market reaction to the suspension of Nigeria's Central Bank Governor, Lamido Sanusi, on Thursday, Nigeria's economic indices has fallen to negative.

Highlighting the impact of the moves on stocks, Ola Yusuff, the CEO, Trust Yield Securities Limited, a stock broking firm, said, "Prices went down; even Foreign Exchange went down. All economic indices of the nation were negative, as at yesterday (Thursday). Today (Friday), banking sector stocks went into negative. This continued later today as the stocks are still down. They may pick up next week."

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