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Sterling Bank grows net profit by 60% to N7b

Sterling Bank Plc delivered a roundly impressive performance in 2011 as net profit rose by 60 per cent to N6.7 billion, placing the bank as one of the best-performing banks in a period characterised by lower earnings. Audited report and accounts of Sterling Bank for the year ended December 31, […]

First Bank Staffers Implicated In Theft Of N110million Pension Fund

The theft of a total sum of N110 million pensioners’ money by three workers at the Accounts Department of the Federal Civil Service Commission (FCSC) occurred with the connivance of some First Bank of Nigeria Plc staffers, according to emerging revelations. In a statement to the EFCC, the Bank’s business […]

Home prices close to bottoming, to rise in 2013

The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists. The median forecast of 24 economists polled by Reuters was […]