, 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.
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