Nigeria: Apathy Hits Banks' Shares On Labour Strike

16 January 2012

Equities listed on the banking sub-sector of the Nigerian Stock Exchange (NSE) suffered slight set-back last week due to the strike and protest organised by labour and civil society groups over the fuel subsidy removal across the country last week.

But market operators explained that just like other sub-sectors on the bourse, the banking sub-sector was greatly affected by low patronage which affected the growth of the stocks. At the end of trading last Friday, only six stocks featured on the NSE's trading chart.

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