Stock Price Reaction to the Announcement of Fuel Subsidy Removal in Nigeria
On the 11th of May, 2016 the federal government of Nigeria announced the removal of fuel subsidy which generated a lot of arguments and several reactions in the midst of observers and market analysts as to the likely consequences of such an action to the Nigerian economy on the market value of listed firms in Nigeria. This study aims to empirically investigate the reaction of the stock prices to t...