Second Term: Stock market reacts negatively to Buhari's announcement.

Stock market reacts negatively to 

Buhari's announcement (AFP/File)

Buhari announced his decision to the National Executive Committee of the All Progressives Congress (APC) on Monday, April 9, 2018.

The Nigerian stock market experienced an epic drop following President Buhari’s announcement that he will be seeking re-election.

According to Reuters, the stocks went down to a three month low.

The president announced his decision to the National Executive Committee of the All Progressives Congress (APC) on Monday, April 9, 2018.

Reuters also said “The stock market, which opened on a losing streak after Lafarge Africa announced a surprise 2017 loss, worsened its decline. The equity market fell near 40,000 points.”

There will be problem

Governor Abubakar Sani-Bello of Niger state recently said that there will be problem in solving Nigeria’s enormous challenges if Buhari fails to seek reelection.

The Governor said Buhari’s re-election into presidency in 2019 will help stabilise Nigeria’s economy and solve challenges facing the country.

By Chika Ebuzor.
Full story at Pulse NG.