Buhari's Declaration For Second Term Crashes Stock Market To 3-Month Low

(Reuters) - Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his future after bouts of ill health.


The stock market, which opened on a losing streak after Lafarge Africa announced a surprise 2017 loss, worsened its decline. The equity market fell near 40,000 points.


https://www.reuters.com/article/nigeria-stocks/nigeria-stocks-drop-to-3-month-low-after-buhari-eyes-re-election-idUSL8N1RM421