Nigerian Stocks Suffer Biggest Drop in 15 Years on Tax Concerns

Nigerian stocks tumbled the most in 15 years as foreign investors rushed to sell ahead of a new tax regime set to triple capital gains taxes.

By Anthony Osae-Brown, Nduka Orjinmo · Bloomberg Markets

Nigerian stocks tumbled the most in 15 years as foreign investors rushed to sell ahead of a new tax regime set to triple capital gains taxes.