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Nigeria Bank Stocks Fall After Central Bank Halts Some Dividends

Nigeria Bank Stocks Fall After Central Bank Halts Some Dividends

Bloomberg16-06-2025
Nigerian bank stocks slipped as investors digested a central bank directive for certain unspecified lenders to bolster cash buffers by halting dividend payments.
The index for the country's 10 biggest and most liquid bank stocks was down 4% at 2:53 p.m. in Lagos on Monday, paring earlier losses of more than 7% and taking the gauge to its lowest level since June 2. The broader Nigerian stock index was down 0.2% on the session.
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