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Banking Stocks Plummet On CBN's Directive To Suspend Dividends, Bonuses

Published 16 hours ago1 minute read

Following the Central Bank of Nigeria (CBN) directive suspending dividend payments, bonus disbursements, and offshore investments for banks under regulatory forbearance, the Nigerian Exchange (NGX) Banking index yesterday declined by 3.98 per cent. This is as investor sentiment weakened amid concerns over earnings retention and capital constraints within the banking sector. While the benchmark index [ ]

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Nigeria News (News Reader)
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