Sterling Bank Commences Bankruptcy Proceeding Against Lagos businessman, Jaiyesimi Of Friends Colony Lekki

A Federal high court sitting in Lagos south west Nigeria has restrained a Lagos businessman Adeniyi Adebulugbe Jaiyesimi who resides at 16 Wesley Close, luxurious friends colony estate, Lekki and carries on business at Donex Technical Services Ltd. as  the Managing Director of the company from operating, withdrawing from or dealing with his funds in any bank or financial institution within Nigeria pending the hearing of the Bankruptcy suit filed against him. 

Sterling Bank’s N8.2bn Profit After Tax Excites Shareholders

Some shareholders of Sterling Bank Plc have expressed excitement over the 39 per cent profit growth for the nine months ended September 30, 2018, recorded by the financial institution, saying it will translates to higher dividends at the end of the year. Sterling Bank sustained its steady growth in profitability with profit before tax growing […]

Sterling Bank Intensifies Debt Recovery Drive

Sterling Bank Plc has said it would always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes. Such strategies include restructuring for accelerated payoffs and possible foreclosure or disposal of pledged assets of defaulting debtors. This will ensure a progressive drop in the bank’s Non-Performing Loan (NPL) ratio which has […]

Loan Risks Remain In Nigerian Banks—Moody’s

–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that […]