Market News
Trump turmoil: Stocks, Eurobonds sink deeper as naira pares losses
Nigerian stocks and Eurobonds extended their losses on Tuesday after United States President Donald Trump threatened to invade the country to eliminate terrorists allegedly killing Christians. However, the naira recovered, rebounding from Monday’s decline. Nigeria’s stock investors lost N612 billion loss on Tuesday following a N247 billion decline the previous day, bringing total losses in the two trading days this week to N859 billion.
The stock market fell by 0.72 percent, as it decreased by 0.97 percent, trimming the year-to-date (YNigerian stocks and Eurobonds extended their losses on Tuesday after United States President Donald Trump threatened to invade the country to eliminate terrorists allegedly killing Christians.
However, the naira recovered, rebounding from Monday’s decline. Nigeria’s stock investors lost N612 billion loss on Tuesday following a N247 billion decline the previous day, bringing total losses in the two trading days this week to N859 billion.
