Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most […]
Tag: XNSA_STERLNBANK
KPMG ranks Ecobank high on service to SMES
The KPMG Nigeria has ranked Ecobank Nigeria among the top three banks with good customer experience in the Small and Medium Enterprises (SME) segment. KPMG’s Nigeria banking industry customer experience survey measures the performance of lenders in the country in terms of their relationship with their account holders and other users of financial services. The […]
KPMG Names Ecobank Nigeria among Customer Experience Leaders
KPMG Nigeria has ranked Ecobank Nigeria among the top three banks with good customer experience in the Small and Medium Enterprises (SME) segment. KPMG’s Nigeria banking industry customer experience survey measures the performance of lenders in the country in terms of their relationship with their account holders and other users of financial services. The 2020 […]
Nigeria: KPMG Names Ecobank Nigeria Among Customer Experience Leaders
KPMG Nigeria has ranked Ecobank Nigeria among the top three banks with good customer experience in the Small and Medium Enterprises (SME) segment. KPMG’s Nigeria banking industry customer experience survey measures the performance of lenders in the country in terms of their relationship with their account holders and other users of financial services. The 2020 […]
All-Share Index Rises 0.8% as Market Sustains Positive Momentum
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]
Nigeria: All-Share Index Rises 0.8% As Market Sustains Positive Momentum
The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the […]
Sterling Bank Plc forecasts N2.09 billion PAT in Q1 2021
Sterling Bank Plc has projected a rise in its Profit After Tax (PAT) to N2.09 billion for the first quarter of 2021 ( Q1 2021 ), indicating a marginal increase of 7.1%, from the figure recorded in Q3 2020. This is according to the latest earnings forecast of the firm, sent to the Nigerian Stock […]
Appruve Joins The Financial Data Exchange (FDX)
Appruve announced that it has joined the Financial Data Exchange (FDX ). FDX is a non-profit organization dedicated to unifying the financial industry around a common, interoperable standard for the secure access of data—the FDX API. With this exciting development, Appruve now joins a host of notable organizations including Bank of America, Xero , Wells […]
Moody’s Takes Ratings Actions on 32 Banks in Africa Following Update to Country Ceilings Methodology
Monday, December 14, 2020 /12:17 PM /by Moody’s Investors Service / Header Image Credit: Tire Business Proshare Nigeria Pvt. Ltd. Moody’s Investors Service ("Moody’s") has taken various ratings actions on some ratings of 32 banks across 10 African countries: Angola, Democratic Republic of Congo, Egypt, Ghana, Kenya, Morocco, Nigeria, Tanzania, Tunisia and Uganda. The rating […]
Why three of Nigeria’s banks are restructuring to holding companies
Sterling Bank has developed Specta, a digital retail lending platform competing with new age fintechs in Nigeria’s competitive financial services sector. In 2020, there’s a new trend happening in the Nigerian banking sector. After prioritising their core banking services for nearly a decade, some Nigerian banks are restructuring to diversify their revenue base and remain […]