AfDB extends $50m facility to support Nigeria’s rural populations

The African Development Bank (AfDB) has approved a $50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium-sized enterprises (MSMEs) in strategic sectors, including agriculture, renewable energy and social sectors such as health and education. The facility, approved by the Bank’s Board on Tuesday, seeks to improve the quality […]

Sterling Bank reports 65% rise in profit after tax

Sterling Bank Plc has reported a profit after tax of N8.5 billion for the financial year ended December 31, 2017 as against N5.2 billion recorded in 2016, representing an increase of 65 percent in profitability. Other performance indicators showed that the lender’s gross earnings rose by 19.8 percent to N133.5 billion against N111.4 billion in […]