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Nigeria’s stock market lost in excess of 8 billion dollars in January as investors took profit and divested from the country as its currency, the Naira, continued to weaken.
The market has been on a sustained downward trend since late last year, when foreign portfolio investors began pulling their investments to seemingly better business environments.
Market capitalization decreased by 16.5 percent.
The All share index also fell by the same value and of course the volume of shares traded within the period also dropped by as much as 2.58 percent.
All the figures released by authorities of the stock market point south, compared to the same time last year when Nigeria was a haven for foreign investors
