Nigerian banks’ investments fall amid CBN’s mishandling of naira redesign

Nigerian banks lost their appeal as lucrative investment destinations in the capital market this week following the Central Bank of Nigeria’s (CBN) mishandling of the naira redesign policy.

Ripples Nigeria previously reported that banks are being attacked by angry customers who were unable to withdraw their funds deposited in the facilities.

Protests broke out in several states in Nigeria with bank branches in Lagos, Ogun State, Enugu, and Delta State, among others outrightly destroyed by the demonstrators.