Financial experts have stated that the dominance of banks among Nigeria's most valuable and best-performing listed companies on the Nigerian Exchange Group (NGX) indicates deeper structural weaknesses in the economy. According to the experts, this trend does not reflect economic strength but rather a lack of diversification and underlying issues in other sectors. The concentration of market value in the banking sector suggests that other industries are underperforming or facing challenges. The experts called for reforms to address these structural problems.
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