Sterling Bank, Ecobank, Lasaco Insurance top stock pick for this week

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This is not a buy, sell or hold recommendation but a stock investment guide.

Sterling Bank tops this week’s pick on the strength of declaring a dividend of N0.15 per unit for fiscal year 2022, summing up to a planned payout of N4.3 billion. That compares with the N2.9 billion paid for the previous year.

The declaration followed a strong financial result for the year during which the lender reported an increase of 28.5 per cent in net profit to N19.3 billion.

 

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