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Bank of Africa Niger: a 19.2% drop in the stock market since the beginning of August 2023

21/08/2023
Source : ORISHAS FINANCE
Categories: Companies

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The stock market value of the Nigerian subsidiary of Bank of Africa (BOA) has fallen since the beginning of August 2023. A depression of 19.2% that occurs in a context of economic sanctions and socio-political crisis

in Niger.

The current socio-political situation in Niger is likely to further weaken an already vulnerable banking sector, which is largely dependent on the public administration and a few large national companies. Indeed, the beginning of this month was marked by a 19.2% drop in the stock market value of BOA Niger, after a 2.29% drop in July. Historical data indicates that this is the largest depreciation for this entity since May 2019. This crisis comes as Niger's banking sector began to show signs of stability

.

Par ailleurs, l' exclusion du Niger des émissions de titres obligataires sur le marché régional de l' UEMOA deprives banks d&# 39; a potential source of income.

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