Nigerian stocks buck election trend on foreigners exit

For the first time since the return to democratic rule in 1999, the Nigerian stock market is not in negative territory in an election year.

Nigerian stocks declined every month bar one during the last election in 2019 before closing the year at a loss of 14.6 percent. In 2015, the year President Muhammadu Buhari remarkably defeated incumbent President Goodluck Jonathan, the market declined by 17 percent with the losing streak starting as early as January.

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