Zenith Bank Nigeria Heads for Longest Decline in Eight Months

Zenith Bank Plc (ZENITHBA), Nigeria’s second- biggest lender by market value, headed for its longest losing streak in more than eight months after declining for a fourth day.

The stock lost 28 kobo, or 2.2 percent, to 12.62 naira and traded at 12.65 naira by 12:19 p.m. in Lagos, set for the longest decline since July 29.

To contact the reporter on this story: Vincent Nwanma in Lagos at vnwanma@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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