Huge loss in the Nigerian stock market

In four straight trading days, Nigerian investors have lost over N2.5 trillion combined.

The losses from Monday through Wednesday now stand at N983.88 billion, N782.44 billion, and N758.16 billion, respectively, a staggering four-day total exceeding N2.5 trillion. After touching 57% year-to-date return just last week, the market has now slipped to 54.74%. 

This is the sharpest pullback Nigerian equities have seen in months.

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