Skip to content
Business

Nigeria's Stock Market Plunges After Trump's Statement, Creating Investment Opportunities

Business Day··1 min read
Nigeria's Stock Market Plunges After Trump's Statement, Creating Investment Opportunities

Nigeria's equities market experienced a significant decline following US President Trump's military invasion threat, leading to a N2.8 trillion loss in market capitalization. Jude Chiemeka, CEO of the Nigerian Exchange Limited, highlighted the potential for long-term value creation and advised investors to diversify their portfolios.

Despite the market correction, analysts view it as a healthy cyclical correction, presenting opportunities for long-term investors. The Nigerian Stock Exchange's All-Share Index dropped by 2.11% to close at 149,524.83 points, reflecting short-term volatility but offering attractive entry points for disciplined investors.

Plus234Feed summary based on reporting from Business Day.

Read the original

Continue on Business Day

Read on Business Day
Share

Get the week in one email

Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.

Free · one email a week · unsubscribe in one click