The Weekly Street Note — W27 · 3 Jul 2026
🟢 4 Conviction Buy · 🟡 28 Accumulate · Median score 64.6
The CBN's revocation of licences for 46 microfinance banks sent shockwaves through the market this week. The NDIC moved swiftly to begin liquidation proceedings, and the selling was indiscriminate — MTN and Unilever hit daily floors, and the index shed ₦2.35 trillion in market value before buyers showed any resolve.
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