As President Buhari at the APC National Executive Committee meeting in Abuja officially announced his intention to run for a second term, Reuters reported that, Nigerian stocks dropped to a three-month low after President Buhari declared his intention to seek re-election in 2019.

The stock market, which opened on a losing streak after Lafarge Africa announced a surprise 2017 loss, worsened its decline. The equity market fell near 40,000 points yesterday.