Banking Stocks Drag Index Lower Amid Block Trades

The Nigerian banking index slipped by 37 basis points on Tuesday as institutional investors executed significant block trades off the Nigerian Exchange (NGX) platform, dampening sentiment across financial stocks. Despite a generally positive trend in the broader market, the banking sector underperformed due to sell-offs in major financial institutions such as FCMB, UBA, and ACCESSCORP, … Continue reading Banking Stocks Drag Index Lower Amid Block Trades