Nigerian capital market loses N1.63trn in January

The Nigerian stock market lost more than N1.63 trillion in January due to profit-taking and currency volatility, statistics from the Nigerian Stock Exchange showed today.

NAN reports that the drop represented a 16.50% to close at N8.225tn from the N9.850tn in December.

Also, the All-Share Index decreased by 4726.10 points or 16.50% to close for the month at 23,916.15 against 28,642.25 in Dec.