16-06-2025
Nigeria Bank Stocks Fall After Central Bank Halts Some Dividends
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.
