Nigeria equities fall 8.8 pct to more than 2-year low

 

Nigeria's main index fell 8.8 percent to a more than two-year low on Friday, on concerns over political stability and the central bank's ability to manage a currency hammered by weak oil prices.

 

It was a seventh consecutive losing streak for the index. The relatively liquid banking index dropped 2.7 percent.

The index has shed 19 percent since the start of this year, after falling 16 percent in 2014.