Nigerian bourse suspends trading in five banks

LAGOS | Mon Aug 17, 2009 8:22am EDT

LAGOS Aug 17 (Reuters) - The Nigerian stock exchange on Monday placed a two-week suspension on trading in the shares of five banks which received a $2.6 billion bailout from the central bank on Friday.

The bourse said it was suspending trading in Afribank AFRB.LG, Finbank FIBP.LG, Intercontinental Bank INBK.LG, Oceanic Bank OCBK.LG and Union Bank UBNP.LG after the 400 billion naira ($2.6 billion) rescue announced on Friday. (For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Reporting by Oludare Mayowa; Writing by Nick Tattersall)

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