After the NGX index fell by 24% in April 2024, following the effects of the recapitalization policy, the Nigerian banking sector is recovering and showing bullish signs.

Le secteur bancaire nigérian se remet progressivement d' une baisse importante qui a vu son indice boursier NGX chuter de 24% à 774 points en avril 2024, à la suite d' une recapitalization policy that dampened investor sentiment. Indeed, it shows positive price movements in major banking stocks such as First Bank, UBA, Zenith Bank. Over the past 14 weeks, the sector has shown signs of an upward reversal, slowly correcting the large losses suffered. The sector index is now trying to regain the points lost in April, with the possibility of reaching its highest level in March (1,029 points). The recent bullish activity in the NGX banking sector index, especially in large caps like First Bank, UBA, and Zenith Bank, and the significant trading volumes in these stocks underscore renewed investor confidence, suggesting that the sector may be in the process of stabilizing after the politically-induced collapse