Nigerian Stocks Plunge Over N850 Billion Amid Trump's Military Threats
Nigerian stocks experienced a loss of N859 billion over two trading days following President Trump's military invasion threat. The market decreased by 0.72% on Tuesday, with a cumulative weekly decrease of 0.97%.
Despite recent sell pressure, the market remains stable in a bullish regime. The Central Bank of Nigeria is set to conduct its first Treasury Bill primary market auction, offering a total of N650 billion across different tenors.
The decline in Nigerian assets confirms investor fears related to Trump's threats, eroding recent market gains. President Bola Tinubu's delayed appointment of ambassadors to Nigeria's foreign missions has also been reported amid tensions with Washington.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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