Nigerian stocks, bonds slide as foreign investors exit

Nigeria's main stock index fell 11.52 percent in one week to 33,225 points as naira worries and oil price risk unnerved foreign investors, the major buyers of local shares.
Yield on Nigeria's 3-year bond fell 64 basis points on Friday as local pension funds snapped up debt from exiting foreign investors.
Foreign investors, who dominate stock and bond trades in Nigeria, have continued to pulled money out of the country's financial markets after the oil price, which had dropped to a new four-year low below $82 a barrel on Wednesday, steadied around $83 a barrel.