April 9, 2018 / 1:39 PM / 7 months ago

Nigeria stocks drop to 3-month low after Buhari eyes re-election

LAGOS, April 9 (Reuters) - Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his future after bouts of ill health.

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. (Reporting by Chijioke Ohuocha; Editing by Toby Chopra)

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