How investors’ risks are biting off Nigerian equities

Investors at Nigeria’s local equities market appear to be unshaken by half-year earnings of banks so far, as they take a risk-off disposition of bank shares. Recent contractions in the market have been largely driven by losses recorded by GTCO, Zenith, and Stanbic IBTC. Let’s get a sense of the sentiments at the market. Oluwadara Olunuga, Analyst at ARM Securities joins CNBC Africa for more.