We expect most banks will suffer similar fate when they release their earnings.
Union Bank of Nigeria has shut down a number of its branches nationwide while maintaining skeletal activities in some others, and full operations in a few.
Stock market investors parted with N103.91 billion as the equities market capitalization, which opened at N14.37 trillion, shed 0.72% to close at N14.27 trillion.
The bears are still dominant at the NSE as market capitalisation bowed to profit-taking, dropped by N37 billion in the last trading session.
Med-View, Union Bank, Lafarge, 48 others risk NSE’s sanction
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 2.41% WTD to close at an index level...