The logo of the Nigerian Stock Exchange in Lagos

Nigerian stocks fall to more than one-year low

LAGOS (Reuters) - Nigerian stocks tumbled 2.75 percent in early trade on Monday to their lowest level in more than a year, dragged down by its biggest listed company, Dangote Cement.

The main share index fell to 33,894 points by 1007 GMT. Dangote Cement, which is majority owned by Aliko Dangote and accounts for more than a third of total market capitalisation, fell more than 7 percent.

(Reporting by Chijioke Ohuocha; Editing by Gareth Jones)

2018-09-03 12:55:09

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