Banking

Sterling Bank posts its biggest nine-month profits in seven years.

As earnings increased to N13.4 billion in September 2022, up 41.6 percent from N9.46 billion in September 2021, Sterling Bank announced its best nine-month profits in seven years. The bank’s most recent financial statement shows that it earned N90 billion in interest income in September 2022, an increase of 8.8% from N82.7 billion in September 2021. From N35 billion in September 2021 to…
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Banking

11 Banks post N262 billion net profit in Q1

Zenith Bank Plc and 10 others have posted a cumulative net profit of N261.991 billion for the first quarter (Q1) ended March 31, 2022. The other banks are Guaranty Trust Holding Company (GTCO), Access Holdings, Ecobank Transnational Incorporated Plc (ETI), United Bank for…