Nigerian Stock Market Loses Over N4 Trillion in Value in Single-Day Selloff
The Nigerian stock market witnessed a heavy selloff, with the Nigerian Stock Exchange (NGX) losing over N4 trillion in value in a single day. The All-Share Index (ASI) dropped by 5.01%, reflecting a weakened investor sentiment.
Additionally, the naira depreciated against the US dollar, easing by 72 kobo to N1.437.29 compared to the previous trading day. This decline in both the stock market and currency value indicates a challenging economic environment in Nigeria.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Share
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Free · one email per week · unsubscribe anytime
Related Stories
Business
Nigerian Stock Market Loses N4.6 Trillion in Decade-High Panic-Driven Sell-Off
Business
Nigerian Stock Market Investors Lose N2.1 Trillion in One Week
Business
Nigerian Stocks Plummet, Wipe Out ₦2.8 Trillion Amid Investor Panic and Geopolitical Tensions
Business
Nigerian Stock Market Plunges N2.5 Trillion Amid Trump's Military Action Comments
Business
Nigerian Stock Market Extends Bearish Trend, Investors Lose N110.20bn
Business
Nigerian Stock Market Plunges Amid Bearish Sentiment
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
