By Ogbuotobo Chuks

The much awaited lift of the technical suspension on three of the foremost banks in Nigeria have been lifted. UBA, oceanic Bank plc and Diamond Bank plc were lifted from technical suspension on May 25, 2007. Trading activities on these stocks will resume on Monday, May 28, 2007.

These stocks are said to have inherent value that will cause their respective prices to skyrocket. The prices of these banks stood at N36.99, N19.53 and N10.70 for UBA, Oceanic Bank and Diamond Bank respectively.

Expectations are indeed high for investors as some believe these stocks can appreciate by 100 percent in the next one month.

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This entry was posted on Saturday, May 26th, 2007 at 10:03 am and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Tags You can leave a response, or trackback from your own site.