Investors on the Nigerian Stock Exchange (NSE) on reacted negatively to the reappointment of Godwin Emefiele for second term as the Central Bank of Nigeria (CBN) Governor by President Muhammadu Buhari.
Contrary to market operators’ expectations, the crucial market indices maintained negative outlook for fifth consecutive days.
Specifically, the market capitalization which opened at N10.860 trillion shed N20 billion to close at N10.840 trillion.
In the same vein, the All-Share Index lost 48.44 points or 0.17 percent to close at 28,847.81 against 28,896.25 recorded on Thursday.
(NAN)