Sterling Bank shares trading suspended by NGX

Sterling Bank shares trading suspended by NGX

Sterling Bank shares trading suspended by NGX

Nigerian Exchange Limited (NGX) suspended trading of Sterling Bank shares on its floor as part of preparations for a bank restructuring, according to a notice in its weekly report of activities. The report which took an effect on Thursday stated, “The suspension is necessary to prevent trading in the shares of the bank in preparation for the scheme of arrangement between the bank and the holders of its fully paid ordinary shares of 50 Kobo each for restructuring of the bank. The suspension is required to determine the shareholders who will qualify for the scheme.” In addition, Sterling Bank requested an extension for the filing of its annual financial statements for the year ended 31st December 2022, with the revised deadline set for 30th April 2023. In a notice to the NGX, the bank’s Company Secretary and Chief Legal Officer, Temitayo Adegoke, highlighted the bank’s top priority of regulatory compliance and transparency, while also stating that they are working with auditors to finalise the AFS. The letter to the Nigerian bourse stated that “In continuing compliance with the post listing requirements of the NGX, the previously announced closed period which commenced on 1st of January 2023 will continue until 24 hours after the AFS for the year ended 31st of December 2022 is released on the floor of the Exchange.”

Benefits of trading as a profession

Benefits of trading as a profession

For many people, trading is just entertainment, like a casino, a lottery, or sports betting. Made a good deal – great, lost some money – no big deal, I’ll try again later. But some people take trading much more seriously and consider it a profession and the main source of income. You, too, can join the community of such people, and we will tell you what benefits you will get from this.
Availability of information
You do not need to buy expensive specialized literature because much of the necessary information is available in public sources. For example, you can find out about the best stocks to trade on fbs.com, as well as much other useful information that will help you make money. Agree, it’s a great profession if all you need to get it is Internet access, free time, and your desire.
Honesty and transparency
A trader does not need to “make a career”, does not need to write reports on the work done to the authorities, and does not need to rub dust on someone’s eyes because here the result is obvious – this is the profit received.
 
Subjective opinions are excluded here, the numbers speak for themselves. You will not be bypassed by those who have “a tongue in cheek” or who have connections at the top. It is a fair game in which it is impossible to fudge the results.
Creative and exciting work
The work of a trader is creative, there is no routine in it. It consists of three stages:
 

Market analysis.
Decision-making.
Analysis of your results.

 
It’s very exciting, it’s a real gambling game for big money, but it is not devoid of logic and mathematical calculation. This is fascinating, the market is a mystery, a riddle – no one in the world knows exactly where the course will go, and the trader must solve this mystery. If you solve it, you will get a profit and enjoy the process (it is very pleasant to watch how the events you predicted unfold on the market).
 
And the market, as a living organism, is changing all the time and remains constant in some ways – this does not allow you to relax, it makes you think and solve new puzzles.
Self-development
Working in the financial market is a constant struggle with yourself, a struggle with your fear, temptation, and greed. The market helps to learn self-control in any situation – not to break down from failures and not to relax from successes. Trading develops the ability to resist panic when there is a crisis in the market, the ability to firmly adhere to the fixed plan of action, and the ability to defend your point of view, even if it opposes the opinion of the majority. The ability to win is what trading can give you.
Stable business
The current situation in the world does not go well with the word “stability”, but in all this storming sea, trading can be a lifeline. To trade in the financial market, you do not need to register a company, you do not need connections in government agencies and commercial circles, you do not need to recruit employees, and you do not need an office. Its peculiarity also lies in the fact that there is no dependence on geographic location – you can move to another city or another country and take your business with you. You can trade from anywhere in the world – all you need is a computer or smartphone with Internet access.