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Topic: Retail investors may shun bank stocks after N1.6tn loss  (Read 839 times)

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Retail investors may shun bank stocks after N1.6tn loss
« on: August 05, 2024, 01:01:40 am »
Retail investors may shun  bank stocks after N1.6tn loss

Banking stocks listed on the Nigerian Exchange have lost about N1.62tn in their market capitalisation since the Central Bank of Nigeria directed the banks in the country to recapitalise. In late March, the Central Bank of Nigeria directed Deposit Money Banks to recapitalise. In the CBN recapitalisation circular, commercial banks with international authorisation are to


 
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