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The bearish trend recorded last week is expected to ease
slightly, this week, giving way to a fluctuating trend, as investors take position ahead of the barrage of financial statements expected this month from banks and other companies quoted on the Nigerian Stock Exchange (NSE).

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Banks battle with money nobody wants

Banks are now battling with money deposited by customers in their vaults which they are either not ready to give out as loans or nobody is coming forward to take. This is a fall out of the over N400 billion in the system more than the banks needed to hold in cash, which has brought the need for banks to lend to each other in the interbank money market to zero level.

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