👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada


Sterling Bank Investors looses N3.45bn

Sterling Bank Investors Looses N3.45bn

Sterling Bank investors have lost N3.45billion amidst sideways trading. Information Guide Nigeria

In a report filed by Ripples Nigeria, from August to September, when Sterling Bank value rises in the Capital Market, holders of the lender’s share engage in profit-taking and cutting short the firm’s intending bullish run.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

This comes as a result of the capital market’s positive reaction towards the result stating that PAT rose by 5.1 percent and revenue rose to 2.5 percent which is N68.60 billion in Q2, 2021 when compared to the N66.94 billion which was recorded at same time, last year.

Read Other Top News:

Ripples Nigeria reports that first week after the announcement of the Q2 results, Sterling Bank‘s market value bumped up to N45.77 billion yet profit-takers throw spanner in the works as shareholders cashed in on the market’s renewed interest in the lender.

According to Ripples Nigeria, this has reduced investments by 7.5 percent since August 10 when Sterling Bank clocked its highest stock value (N1.59kobo) after the release of Q2 financials.

Stakeholders have lost N3.45 billion due to Sterling Bank’s sideways drift in the Nigerian bourse as the market capitalisation is now down to N42.32 billion. Jamb Results


Immigrate to Canada Via Job Offer!

Get latest Jobs in Canada for foreigners with visa sponsorship 2023 and how to apply. Don't miss this opportunity that can help you relocate to Canada with your family.


Click here to Subscribe

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.
👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment. . Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,. . All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA). .
The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.
. We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker