Nigerian stock falls after Tinubu’s emergence as president-elect

By Blessing Enechojo Abu

Following the announcement of the candidate of the All Progressives Congress, Bola Ahmed Tinubu, The Nigerian All Share Index fell by 0.53% at the end of trading on Wednesday, March 1st.

The Nigerian Stock market closed February with a 4.8% gain with stocks defying cash scarcity, fuel scarcity, and an election fever to post solid gains. However, after INEC’s announcement of the outcome of the presidential election, the stock fell on the very same day with only 29 stocks posting gains.

Although the performance of many stocks dropped, most stocks were flattish than loses.
Investors are going into the month of March with uncertainty while waiting for the outcome of the state elections.


Nigeria decides 2023: INEC declares Tinubu president-elect



Picture Source: Business Day

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