Nigerian stocks fell 2.4% to hit a new eight-year low on Wednesday after its biggest listed firm Dangote Cement declined and a lockdown of the country’s two main cities to stop the spread of coronavirus entered second day.

The all-share index dropped to 20,789 points, a level last seen in April 2012 as Dangote Cement shed 9.95% to N116.80 each.

Nigerian President Muhammadu Buhari on Sunday ordered the cessation of movement in Lagos and the capital Abuja for 14 days in an attempt to curb the spread of the virus.