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Nigeria banking index down 1.8% after CBN fines banks over MTN

PUBLISHED: Fri, 31 Aug 2018 11:22:14 GMT

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The NSE Banking Index fell 1.8 per cent on Thursday after the Central Bank of Nigeria fined four banks for violation of Nigeria’s forex regulations in repatriating MTN Nigeria’s funds. Chinedu Anozia, Chief Executive of Aux Capital joins CNBC Africa to discuss how this news has impacted trade in Nigeria’s banking stocks.


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