The NSE ASI dropped by 1.1% to close at 41,469.94 as banking stocks take a pounding, shedding 2.98% on the day. Losses were also seen in the likes of Nestle, NB, and Unilever. We saw Gains however in FO, Costain, Julius Berger, Presco, Betaglas and Berger. To discuss the position of the market CNBC Africa is joined from Diamond bank by Kayode Tinuoye, a Strategy and Business Officer.