Month: November 2019

Sterling Bank pledges more support for education

admin

    Sterling Bank Plc has pledged   to   continue its support of players in the education sector in a bid to lift the sector out of its current situation, which is unacceptable to most Nigerians.   Education Lead at Sterling Bank, Mrs. Eniola Obe, disclosed this at the sixth edition of the Lafarge Africa National Literacy Competition held in Lagos recently with the theme,  “Bridging the Literacy Gap Together.”   According to her, Sterling Bank decided to support the programme because education is  one  of  the  five  sectors of   the …

Read More

Analysts: OMO restriction threatens banks’ profitability

admin

    The decision by the Central Bank of Nigeria (CBN) to bar non-bank locals (individuals and corporates) from participating in its Open Market Operations (OMO) at both the primary and secondary markets, could make it difficult for the banks to comply with the apex bank’s Loan to Deposit Ratio (LDR) requirements, thereby affecting their profitability, analysts at Comercio Partners have said.   In a report obtained by New Telegraph at the weekend, the analysts noted that the OMO restriction had resulted to a decline in yields at the CBN’s…

Read More