Trump's Threat Triggers Sharp Stock Decline in Nigeria

The Nigerian stock market experienced its steepest decline in November, dropping 1.19% due to profit-taking by investors following President Trump's threat to enter Nigeria to combat alleged terrorism. This led to a decrease in stock value by N1.3 trillion, extending losses over three days to N2.1 trillion.

The market's return for the year decreased by 46.52%, with fears of Trump's threat raising the risk premium on Nigerian assets. The Central Bank of Nigeria reported a slight increase in demand for dollars, causing the Naira to weaken against the dollar.