THE banking stocks started the year bearish with majority of them recording negative returns in the first three days of the year. What do you think is responsible for low appetite for their stocks? Transaction has not started in full gear and market activity in just two days will not be a barometer to determine what will happen. Be that as it may, banking stocks are not likely going to be the first choice of short term investors given the last year’s economic environment where the banks suffered a lot of regulatory headwind.

ACTIVITIES on the NASD OTC Securities Exchange remained low with few securities exchanging hands last week.

TWO companies’ results were released on the Nigerian Stock Exchange, NSE last week with Vitafoam Nigeria Plc among one of the equities whose share price went up last week. Linkage Assurance Plc was the second company whose financial statement ended September 30,2016 was released on the exchange.

INVESTORS in the nation’s stock market lost over N214 billion last week following massive selloff of shares of highly capitalised companies across the sub sectors on the Nigerian Stock Exchange, NSE.

NIGERIANS need more government intervention, not less. All modern development has been government-driven. Nigerians need their government to regulate and provide for their basic needs, not a deregulated society where greed is hailed as enterprise; the rich get richer and the poor are sentenced to a live of misery.

BANK customers are increasingly embracing social media for interaction with their banks, even as some banks have continued to leverage on these platforms to promote their products and services.

Wema Mobile banking suite as the name applies is a mobile banking app with an array of functionalities to meet your everyday banking needs. It is very secure with high-end banking functionalities, some of which include Card Control- the power of your WemaBank debit card in your hands, NFC peer to peer transfers, Transaction limit increase, Inbuilt SMS banking (for when there is no internet connection on the phone), Simplified transfer to saved beneficiaries, to mention a few.

FIRST Bank of Nigeria Limited has announced increased transaction limits on its FirstMobile Lifestyle app to a maximum daily limit of N150,000 without the use of a token and a total daily transaction limit of N1 million.

IN the first week of resumption of businesses across all markets in Nigeria and abroad in 2017, market results are raising three pressure points in Nigeria’s 2017 fiscal and economic outlook. At close of markets, weekend, the initial upticks in the international price of crude oil had reversed, Naira value to the USDollar had also reversed its initial stability in the unofficial segment while retail prices of household commodities spiked further, poking the consumer price index upwards.

The Nigerian Public service is reportedly heavily burdened with a ghost population, who not only unexpectedly write job applications and present themselves for interviews, but who also open bank accounts and collect salaries, despite their human shortcomings! Curiously, the CBN’s “know your customers” directive to banks was obviously no deterrent to the establishment of bank accounts for such ghosts!