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Nigerian stocks hit new 8-year low as coronavirus lockdown enters day two

Published 01/04/2020, 12:10
Updated 01/04/2020, 12:12

ABUJA, April 1 (Reuters) - Nigerian stocks fell 2.4% to hit
a new eight-year low on Wednesday after its biggest listed firm
Dangote Cement declined and a lockdown of the country's two main
cities to stop the spread of coronavirus entered second day.
The all share index .NGSEINDEX dropped to 20,789 points, a
level last seen in April 2012 as Dangote Cement DANGCEM.LG
shed 9.95% to 116.80 naira each.
Nigerian President Muhammadu Buhari on Sunday ordered the
cessation of movement in Lagos and the capital Abuja for 14 days
in an attempt to curb the spread of the virus.

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