Speaking on the acquisition of shares by banks director, Prof Uche Uwaleke, Professor of Capital Market at the Nasarawa State University and President Capital Market Academics of Nigeria, explained that banking stocks are one of the most attractive.
He noted:
"According to the latest GDP data, the financial services sector, led by banks, is one of the best-performing in the economy. It is so the top performing stocks on the Nigerian exchange.
"Check out the foreign portfolio investments into the country it is majorly through the banks. There have also been discussions about bank recapitalization and public offers.
"In summary, the outlook for the banking sector remains robust within the present economic climate. This is why top bank directors are buying more shares."
