According to data available on the Nigerian Exchange Limited, all five banks commonly referred to as Tier-1 banks had their share price fall at the end of 2022 compared to what they recorded in 2021.exclusively attributed the slump to the dearth of foreign investors in the Nigerian capital market.
Access Bank closely followed with 7.5 per cent value depreciation. At the close of trading in 2022, its valuation slumped from N330.6bn in 2021 to N305.7bn. The bank’s share price also dipped from N9.3 to N8.5 kobo per share.
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