• Thursday, February 29, 2024
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BusinessDay

Stocks hit 6-1/2 month low on banking selloff

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Nigeria’s main share index fell 1.34 percent to a 6-1/2 month low on Friday, dragged down mainly by its banking sector, a day after the suspension of the country’s central bank governor caused a broad financial market selloff.

The index of Nigeria’s top ten banking index shed 2.25 percent/ The overall index was at 38,295 points. The index was last at this level on August 8, 2013.

Reuters