The Nigerian banking stocks slumped the most since June 2016 a day
after the re-election of President Muhammadu Buhari, as some investors showed
disappointment at the defeat of his market-friendly opponent.
index of Nigeria’s 10 largest banking stocks dropped by 4.6 per cent at the end
of trading on the floor of the Nigerian Stock Exchange, while the country’s
benchmark stocks index retreated for the third day.