CPPE calls for suspension of protests as stock market sheds N235b

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CPPE News

Muda Yusuf

The stock market experienced a bearish start to the month, shedding N235 billion in value amid cautious investor sentiment triggered

• Lagos residents sit-at-home in solidarity, fear of attacks • Companies, businesses shut doors to commercial activities by ongoing nationwide protest. Specifically, market capitalisation reduced to N55.278 trillion from an opening of N55.513…• Companies, businesses shut doors to commercial activities

Following fallout of the day one of the ongoing protest, the Centre for the Promotion of Private Enterprise that had earlier warned that estimated daily loss could be up to N400 billion, has called for a suspension of the nationwide protest. IT was sit-at-home for many residents of Lagos yesterday with many staying indoors either in solidarity with protesters or fear of the protest snowballing into a riotous crisis.

Major roads, streets in the state were deserted while markets are also closed despite market promises to open markets for business activities. Also, there are fewer vehicles plying the roads and those working have increased transportation fare by over 300 per cent.The Lagos State Commissioner of Police, Fayoade Adegoke around 11.a.m visited the scene of the protest in Ojota and assured the protesters safety.Before flagging, please keep in mind that Disqus does not moderate communities.

• Tinubu is product of protests, says group • Urges region to join protest As residents in some cities across the country embarked on hunger protests, Owerri, the Imo State capital, and environs, as well as Ebonyi and Abia…

 

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