Nigeria’s Stock Market Records First Weekly Fall Of 2024 Amidst Forex Crisis

A drop in equity purchases by local and foreign investors has pushed the stock market down by 2.45 per cent, signalling the first weekly drop since the start of the year.

An analysis of the data from the Nigerian Exchange Ltd (NGX) by THEWHISTLER shows a drastic drop in the value and volume of the shares traded in the week ended Friday, February 9, 2024.