The Nigerian banking sector was unaffected by losses induced by hunger protests, which rocked some parts of the country on the trading day that commenced on August 1, 2023.
Early trading data in the Nigerian Exchange has shown a pattern of decline across bank stocks, as investors react to the proposed 50% tax on FX gains.
Nigerian banks need to encourage local participation in stock exchange through a concerted effort to foster a habit of investing in shares among retail investors.
Experts give their opinions on their favourite banking stocks and why they chose them.
