Nigerian stocks fall as investors await controversial presidential election outcome

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    LAGOS – Nigerian stocks dropped to a one-week low in late trades on Tuesday as investors stayed on the sidelines waiting for the outcome of Saturday’s presidential election, traders said.

    Stocks fell 0.78 percent in thin volumes to 32,444 points, after mixed trading in the past week due to the election.

    Incumbent Muhammadu Buhari had an early lead over his main opponent, businessman Atiku Abubakar, with results from a third of election districts counted.

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