Directors’ scramble for Nigeria’s best-performing bank stock quickens ahead of earnings release

Directors at Sterling Financial Holdings are placing a bigger bet on its shares as the market awaits its half-year earnings report.

Already, a steep slide in the exchange rate of the naira to the dollar has opened up the pathway for lenders to boost revenue from loans priced in foreign currencies.

Turning in sizeably bigger profits is often a motivation for equity investors to plough in their cash in stocks, given its potential to buoy up dividends and earnings per share.

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