Nigeria: Stock Market Loses N565 Billion As Investors Await President's Cabinet

21 June 2019

The Nigerian equities market has continued to plunge as investors stayed away despite attractive valuation of most stocks, THISDAY's investigation has revealed.

THISDAY gathered that while many foreign investors remained on the sidelines, waiting for the policy direction of President Muhammadu Buhari in his second term, local investors remained incapacitated by weak purchasing power to invest among others.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.