{"id":65133,"date":"2019-02-27T05:59:06","date_gmt":"2019-02-27T04:59:06","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=65133"},"modified":"2019-02-27T05:59:06","modified_gmt":"2019-02-27T04:59:06","slug":"elections-nigerian-stock-drops-as-buhari-set-to-be-declared-winner","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/elections-nigerian-stock-drops-as-buhari-set-to-be-declared-winner\/","title":{"rendered":"ELECTIONS: Nigerian Stock Drops As Buhari Set To Be Declared Winner"},"content":{"rendered":"
\n
<\/div>\n<\/div>\n
\n
\n
Nigeria\u2019s benchmark stock index dropped 0.7 percent on Tuesday, as
\nPresident Muhammadu Buhari takes the lead in the 2019 presidential
\nelection result against former Vice President Atiku Abubakar, his main
\nchallenger.Investors have expressed preference for Abubakar who contested against the
\nincumbent Buhari on liberalized economy.<\/p>\n

The drop in the Nigerian stock market is seen as a reaction against Buhari
\nlead in the election results, analysts say.<\/p>\n

Buhari is leading in the margin of 53 percent against Atiku\u2019s 43 percent
\nof the votes announced by the Independent National Electoral Commission
\n(INEC) in Abuja.<\/p>\n

Meanwhile, the Nigerian central bank said it has injected the sum of
\n$210million into the inter-bank Foreign Exchange Market.<\/p>\n

The bank said on Tuesday that it offered authorized dealers in the
\nwholesale segment of the market the sum of $100million, while the Small
\nand Medium Enterprises (SMEs) segment received the sum of $55million.<\/p>\n

\u201cSimilarly, customers requiring foreign exchange for invisibles such as
\ntuition fees, medical payments and Basic Travel Allowance (BTA), among
\nothers, were also allocated the sum of $55million,\u201d<\/p>\n

Isaac Okorafor, the bank\u2019s Director, Corporate Communications Department,
\nsaid in a written statement.<\/p>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

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