The Nigerian stock market shed N1.1 trillion in the first quarter of 2016 as banking stocks bled following investors’ negative reactions to profit warnings and huge impairment charges recorded by banks for the 2015 financial year. The market, which opened January with a value of N9.8 trillion, closed at N8.7 trillion at the end of […]
Market sheds N1.1tn in three months on bleeding banking stocks
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