The recent dip in banking stocks triggered by the Central Bank of Nigeria’s (CBN) new forbearance policy may be more of an opportunity than a threat, according to Ugodre Obi-Chukwu, CEO of Nairametrics.
Speaking on the business show MoneyLine with Nancy, during a segment titled “CBN Policy on Forbearance,” Mr. Obi-Chukwu suggested that the decline in banking stocks could offer attractive entry points for value-focused investors.
Asked whether this is a good time to buy into the banking sector, he said: