MARGIN LOAN/TRADING VS. STOCK LOAN|By Idika Aja, ACS

MARGIN LOAN/TRADING VS. STOCK LOAN|By Idika Aja, ACS

Eleven (11) years ago, Nigerian money deposit banks were heavily exposed to margin loans, leading to AMCON purchasing all the margin loans or facilities that the banks granted to stock broking firms to purchase shares in the capital market. These facilities included all the non-performing loans granted by all the five commercial banks taken over by CBN then, amounting to combined toxic assets in excess of N2.2 trillion. Prior to this period, for 10 years (1999 – 2008), the Nigerian stock market grew, soared and gained extreme strength.  The market experienced a period of record expansion and boom.  Investors, market operators, regulators and market analysts were all pleased with this development. Read more below

https://optionxpress.wordpress.com/2021/08/02/margin-loan-trading-vs-stock-loanby-idika-aja-acs/.

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