11am: Nigerian Stocks Are Down 2.1% With N100b Lost In One Hour

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Investors are not letting up the Nigerian stock market as the sell off has now continued from where it stopped. The index has now broken the N8tr support and is currently at N7.9tr with over N100b lost already. Investors are apparently reacting to the twin news of Iran coming on stream as well as its […]

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Investors are apparently reacting to the twin news of Iran coming on stream as well as its potential impact on the revenue position of the country. With dollar inflows further impacted, it is believed in some quarters that the exchange rate could depreciate to as low as N500.