Directors’ scramble for Nigeria’s best-performing bank stock quickens ahead of earnings release

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Sterling Financial Holdings Company has yielded 157 per cent so far this year, making it Nigeria’s best-performing banking stock.

, which completed a mutation from commercial banking into a holding company at the start of the second quarter, has yielded 157 per cent so far this year, making it the country’s best-performing bank stock.rating Mike Adenuga and his nominee company Silverlake Investment Limited.

Shares totalling 87.5 million and purchased at N328.1 million were acquired by four members of the company’s directors board including Managing Director Yemi Odubiyi, according to PREMIUM TIMES calculation from regulatory filings. That takes their total stakes in the group to 157.4 million, 135.8 million, 321.2 million and 254.2 million also in that order.Nigeria’s bank stocks raced to their pinnacle in 20 years on 14 June, gaining 23 per cent that day alone, after a wave of liberalisation policies in the foreign exchange system accelerated market confidence, helping lure foreign investors back.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

July inflation report, CBN's financial statement... 7 business stories to track this week | TheCableJuly inflation report, CBN’s financial statement… 7 business stories to track this week | TheCable
La source: thecableng - 🏆 2. / 80 Lire la suite »

July inflation report, CBN's financial statement... 7 business stories to track this weekHere are the seven top business stories you need to track this week — August 14 to August 18. The Nigerian Bureau of Statistics (NBS)...
La source: thecableng - 🏆 2. / 80 Lire la suite »