A security officer checks a man outside the Nigerian Stock Exchange in Lagos

Nigerian stocks dip to 5-week low

LAGOS (Reuters) - Nigerian stocks dropped to its lowest in five weeks on Thursday after heavyweight Dangote Cement declined.

Stocks have been on a losing streak since the end of May and has fallen for fourth straight days. However, losses on Dangote Cement, its most capitalised listed companies on the exchange, worsened the decline. MTN Nigeria, the exchange's second biggest capitalised company was on a back foot but later recovered.

(Reporting by Chijioke Ohuocha; Editing by Alison Williams)

2019-06-27 15:34:50

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.