Nigeria bank stocks fall before CBN’s first rate decision in 2018

Nigeria’s banking index fell 2.7 percent on Wednesday before the central bank was due to announce its first interest rate decision this year and as investors grew bearish on equities, traders said.

The drop in banking stocks led the main share index down 0.75 percent to its lowest level in almost three months.

The central bank will give its decision at 1330 GMT.