CBN foreign subsidiary rule sparks N1.92trn loss on NGX
2026-05-07
By Taiye Olayemi The stock market on Thursday closed on a negative note as investors lost N1.92 trillion, following sell-offs in banking and cement stocks. This is amid reactions to new regulatory guidelines by the Central Bank of Nigeria (CBN) on foreign subsidiaries of banks. Market capitalisation dropped from N155.780Continue Reading