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Nigerian stocks drop to 8-year low after Buhari orders lockdown to fight coronavirus

Published 30/03/2020, 15:14
MTNJ
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NGSEINDEX
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NGSEBNK10
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MTNN
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ABUJA, March 30 (Reuters) - Nigerian stocks fell to a new
eight-year low on Monday after President Muhammadu Buhari
ordered a lockdown of two of the country's biggest cities to
stop the spread of coronavirus.
The all share index .NGSEINDEX dropped 2.43% to 21,330
points, dragged down as shares in the banking sector
.NGSEBNK10 and MTN Nigeria MTNN.LG , its second-biggest
listed firm, declined.
MTN Nigeria, the local unit of South African telecoms group
MTN MTNJ.J , shed 10% to its listing price of 90 naira.

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