Nigeria: Investors Lose N271 Billion in Five Days

12 July 2015

A combination of macroeconmic and political factors have forced the Nigerian stock market into massive slide as the market suffered its worst week losses since after the inauguration of the President Muhammadu Buhari's government in May. Investors lost N271.7bn last week as market capitalization of the Nigerian Stock Exchange (NSE) reduced to N10.8trillion.

The market had bounced into a frenzy of bullish run following the successful conduct of the presidential election resulting into massive gains driven by high expectations and positive sentiments.

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