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Nigeria stock market hits near 8-year low

ABUJA (Reuters) - Nigeria's stock index reached its lowest level in almost eight years on Thursday, Reuters data showed, as persistent global risk aversion keeps money out of frontier equities. The all-share index hit an intra-day low of 19,961.18 points, the lowest since December 24, 2003. Traders said funds have been moving out of Nigerian equity markets and into fixed income, where yields ...
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Added November 24, 2011
from Yahoo Nigerian News