Nigeria’s stock investors may have started repricing the naira asset class which nosedived by 0.25 percent on Monday November 3, the first trading day after weekend’s threat by United States President Donald Trump.
Equities investors booked about N247billion loss at the close of trading on Monday as market digests the implications of Trump’s recent decision on Nigeria.
Ahead of trading this week, there were fears that Trump’s threat to launch a military invasion of Nigeria could raise the risk premium on Nigerian assets while threatening to erode recent gains achieved by the nation’s reforms.