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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.