Nigerian Stocks Allegedly Drop After President Buhari Declares Re-Run Bid

Nigerian stocks dropped to a three-month low, after President Muhammadu Buhari officially announced he would seek re-election in 2019. Reuters reports that 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. This came as Buhari declared at the National via IFTTT