Bank stocks sell-off on CBN’s lending order may be overdone

Bank stocks sell-off on CBN’s lending order may be overdone

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Bank stocks have been selling off since the Central Bank of Nigeria (CBN) announced plans to force commercial banks to maintain a loan to deposit ratio (LDR) of 60 percent, or effectively lend at least 60 percent of their deposits to customers. Investors, spooked by the potential downside of the July 3 order by the…

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