On Monday, when the regulator re-enforced the 65% loan-to-deposit ratio benchmark in the sector, investors sold off their holdings in banks’ stocks, causing the market capitalization of the Nigerian Exchange (NGX) to decline by around N63 billion. ZENITHBANK dropped 2.57%, FBNH lost 3.68%, ACCESSCORP lost 1.15%, UBA lost 1.39%, and GTCO lost 0.79%, all of … Continue reading NGX Market Cap Drops By N63bn As Selloffs Hit Tier-1 Banks