News Formal

Nigerian stocks hit new 8-year low as coronavirus lockdown enters day two

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

Malaysia News News

Nigerian stocks fell 2.4% to hit a new eight-year low on Wednesday after its biggest listed firm Dangote Cement declined and a lockdown of the country's two main cities to stop the spread of coronavirus entered second day.

The all share index dropped to 20,789 points, a level last seen in April 2012 as Dangote Cement shed 9.95% to 116.80 naira each. Nigerian President Muhammadu Buhari on Sunday ordered the cessation of movement in Lagos and the capital Abuja for 14 days in an attempt to curb the spread of the virus.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And then thina singenaphi lapho 😏

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines