This was sharply attributed to President Muhammadu Buhari’ announcement that he would seek re-election in 2019.
Mr. President’s announcement ends months of speculation about his future after bouts of ill health.
A Reuters report on this noted that 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,” the report said