One Week After CBN Fines –MTN Share Price Drops by 31.06%; DIAMONDBNK and STANBIC Also Drop

Proshare

Thursday, September 06, 2018  10:54 AM / Proshare Markets

Just one week after the CBN fine, the shares of MTN Group trading on the Johannesburg Stock Exchange has so far dropped by -31.06%.

Of the Four banks fined by the CBN, two (2) are listed entities on the floor of the Nigerian Stock Exchange. They equally recorded a relative drop in their share prices.

DIAMONDBNK share price was the most hit with -9.35% drop while STANBIC recorded a moderate  -3.09% loss.

Proshare Nigeria Pvt. Ltd.Source: NSE, Proshare Reseaarch


Proshare Nigeria Pvt. Ltd.

 

Related News

1.                      Banks, MTN Engage CBN Over $8.1b Fine; Factually Incorrect Premises Highlighted

2.                     MTN Says Nigeria Is Seeking to Recover $2 Billion in Back Taxes

3.                     MTN Ghana Successfully Completes Its Initial Public Offer

4.                     The Day After CBN Fines – DIAMONDBNK, STANBIC and MTN Share Prices Drop

5.                     MTN Replies Nigeria’s CBN – You Approved The Funds Repatriated

6.                     CBN Clamps Down on Four Banks; Writes MTN to Refund $8bn

7.                     MTN - A case study for market-supporting institutions

8.                    MTN Nigeria – Interim Financials For H1 2018

9.                     Neither MTN Nigeria Nor Any of Its Advisers Has Filed Any IPO Application With SEC Nigeria

10.                 MTN Ghana Launches Mobile Money Based IPO

11.                  MTN Nigeria IPO Teaser – Listing and Precursory Information

12.                 MTN Nigeria To List On The NSE; A Promise Fulfilled – OTC Equity Research

13.                 Stabilization Mechanism: Sticking Half Way through the Line

14.                 CBN Notifies on the Revised Foreign Exchange Manual

15.                  Forex: Naira Lifted With $210m CBN Injection

16.                 Forex: CBN Flags off SMIS in Chinese Yuan

17.                  Nigeria Sells Yuan For First Time as It Deepens China Ties

18.                 FX Utilisation in January 2017-Symptoms of An Opaque Structure

 

READ MORE:
Related News
SCROLL TO TOP