The Nigerian Stock Exchange (NSE) continued to stumble as the all share index closed at 36,232.66 basis points down 0.20%. Year to date, the index is down 5.26%. Top Gainers and Losers Courtville Business Solutions closed at N0.22, down 10%. Sterling Bank closed at N1.49, down 9.56%. Niger Insurance closed at N0.39, down 8.33%. On […]
Sterling Bank Sterling Bank which used to lag behind its peers in the banking industry, seems to have stepped up its game up this year. The bank has decided to focus its lending on 5 key sectors: “HEART” (Health, Education, Agriculture, Renewable Energy and Transport). In addition, it has launched I-invest, an app that enables […]
Sterling Bank Plc has announced the appointment of Mrs Folasade Kilaso and Mr Michael Ajukwu to its Board of Directors. According to a statement, Kilaso was appointed to the board as a non-executive director, while Ajukwu joined as an independent director in June following the approval of the Central Bank of Nigeria. The Chairman, Board […]
The equities market plunged further yesterday as profit taking in bellwether stocks depressed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) below 35,000 mark at 34,663.48. Similarly, market capitalisation shed N220.5 billion to close lower at N12.638 trillion. A total of 22 stocks shed weight compared with only 11 other stocks. The banking counters recorded […]
Sterling Bank, Nigeria’s mid-tier bank, is looking for earnings uptick in the growth sectors of the country’s economy, says Abubakar Suleiman, its managing director and chief executive officer. The bank will also, while looking for opportunities in the growth sectors, actively support special intervention and social investment programmes, Suleiman said. “Sterling Bank would continue to […]
11 Deposit Money Banks (DMB’s) listed on the Nigerian Stock Exchange (NSE) have reported a total of N64.557 billion in taxes for the first half of the year, 2018. The banks include Zenith Bank, Guaranty Trust Bank, Ecobank Transnational Corporation (ETI), Stanbic IBTC Group, FBN Holdings, FCMB Group and Diamond Bank. The figure represents a […]
The Enugu State Board of Internal Revenue after obtaining court orders, yesterday carried out a distrainment exercise on four banks and two other private firms, located in Enugu metropolis and Nsukka, for non-payment of taxes due to the state government, totaling over N200 million. The affected companies, according to the board’s Director of Back Duty […]
Virtually everyone loved the banter that followed after Sterling Bank‘s cheeky social media post that took a swipe at not less than 6 banks. The post had a man in a rocket heading to the moon (depicted by Sterling Bank’s logo) and had the caption: “In shooting for the moon, men become stars.” The Bank […]
The stock market extended its bearish performance into the fifth consecutive trading session on Thursday as equities investors lost a total of N94.36 billion over the losing streak on sustained profit taking activity after last Thursday’s rebound. Specifically, the benchmark index of the Nigerian Stock Exchange (NSE), the All Share Index (ASI), dropped by 0.19 […]
Nigerian Stock Exchange Transactions on the floor of the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, following price losses suffered by most blue chip stocks, causing market capitalisation to dip further by N21billion. Yesterday, the All-Share Index (NSE-ASI) was down by 67.16 absolute points, representing a dip of 0.19 per cent, closing […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.