Nigeria Stocks slumps to more than 10-month low

Traders work at the Nigerian Stock Exchange in Lagos, February 13, 2015. REUTERS/Joe Penney

LAGOS  – Nigerian stocks fell 1.72 percent on Monday to a more than a 10-month low, dragged down by losses at its biggest listed company, Dangote Cement.

The Lagos bourse stock index dropped to 24,581 points, a level it last touched last April.

Dangote Cement, majority-owned by Africa’s richest man Aliko Dangote and accounting for a third of total market capitalisation, fell 7.03 percent to 149.15 naira per share.



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