Bear Market Hits Nigeria Stock Exchange As Politics, EM Woes Deter Traders
LAGOS AUGUST 11TH (NEWSRANGERS)-Nigeria’s stocks entered a bear market as worsening political tensions and an emerging-market sell-off caused foreign investors to shun assets in Africa’s biggest oil producer. The Nigerian Stock Exchange All Share Index fell 2.2 percent to 35,446.47 by the close in Lagos, the commercial capital, bringing the decline since its 2018 high…