Buhari’s 2nd Term: Stock Market Crashes To 3-Month Low

Hamilton Nwosa
Writer
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By ‘Dotun Akintomide

Few hours after President Muhammadu Buhari said he would seek re-election in 2019, Nigeria’s stock market has dropped to three months low.

The declaration put an end to months of speculation about his political future after bouts of ill health.

According reuters, 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 president declared at the National Executive Committee meeting of the All Progressives Congress.

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Unlocking Opportunities in the Gulf of Guinea during UNGA80
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