Fidelity bank banner Bayelsa State banner
Nigerian bank investors lose N100bn in 2 days

By News Express on 21/02/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 8,384

•Stock traders on the floor of the NSE
•Stock traders on the floor of the NSE

Investors with shares in the banking sector on the Nigerian Stock Exchange (NSE) have lost over N100.8 billion in two trading days of the week, a report this morning by Vanguard said.

It said that while 11 out of the 16 banks in the NSE began losing prices in the market on Monday, the remaining joined by Tuesday, except United Bank for Africa Plc (UBA).

The report listed banks that appreciated to include: Access Bank (5 kobo) per share to close at N12.56 per share from N12.60 per share, GTBank gained N1.00 per share to close at N47.50 per share, from N46.50 per share, Fidelity Bank gained (8kobo) per share to close at N3.28 per share from N3.20 per share and Jaiz Bank gained 4 kobo per share to close at N1.04 per share from N1.00 per share.

However, during Tuesday trading session, all the banks’ share prices dropped except UBA which gained 20 kobo per share to close at N12.20 from N12.00 per share it closed on Monday.

The report blamed the trend on the recent directive by the Central Bank of Nigeria (CBN) that restricted dividend payments by banks with high Non Performing Loans (NPLs) and low Capital Adequacy Ratio, CAR from paying dividend to their shareholders.

Source News Express

Posted 21/02/2018 2:12:12 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
IPI World Congress: Saraki seeks partnership between press,...

Military vows to ensure safety and security in...

Nigerian oil magnate jailed in UK

Calabar Carnival a veritable platform for job creation,...

124 suspected rapists, homosexuals nabbed in Kano

Establishment of national carrier not negotiable, says Minister...

Peterside would have done better than Wike as...

110 students bag NNPC/SNEPCo scholarship

Save Lagos Group threatens to drag Ambode to...

Thousands benefit from NNPC/SNEPCo health outreach

Group petitions EFCC, seeks investigation of Buratai over...

Chelsea beat Southampton to set up FA Cup...

 

Latest News Sex-for-marks: OAU sacks Prof. Akindele Ohanaeze rejects FG’s plan to establish ranches in 10 states US deports 34 Nigerians Buhari approves appointment of 29 Appeal Court Justices, others (See full list) 2019: CAN denies endorsing Buhari’s reelection Robbery: FCT residents cry for help Bayelsa Commissioner, Special Adviser dump PDP for APC Asset Declaration: Custom Superintendent for trial June 28 El-Zakzaky: Scores injured in fresh police, Shiites clash in Kaduna N24bn Police Pension fraud: Court admits suspect’s statements Heavy downpour: Kaduna residents in flood-prone areas urged to relocate History will be fair to you as a core democrat, Atiku tells Jonathan

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,235 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,533 views) Shameless Genevieve Nnaji exposes breasts in public (280,155 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,032 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,033 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,707 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,770 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,867 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,896 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,573 views) Lagos plane crash: Journalist releases victims’ names (143,812 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,650 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,257) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,040) Interview (154) Live Commentary (28) Love Matters (123) News (36,356) Opinion (1,003) Pidgin (10) Politics (5,292) Religion (770) Sports (1,552) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement