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Sterling Bank

NDPC Probes Remita, Sterling Bank Over Alleged Data Breach

April 6, 2026

The Nigeria Data Protection Commission (NDPC) has launched an investigation into an alleged data breach involving Remita Payment Services Ltd. and Sterling Bank, in a move that underscores growing regulatory scrutiny of

Business News·Top Stories

Adeyemi Adeola Increases Stake In Sterling Bank’s Parent Company From 3% To 23%

August 13, 2025

Adeyemi Adeola, the chairman of Sterling Financial Holdings Company Plc, the parent company of Sterling Bank, has increased his stake in the financial institution to curb the impact of the lender’s share

Business News·Top Stories

State Of India No Longer 5% Stakeholder In Sterling Bank’s Parent Company

August 11, 2025

The State of India is no longer a 5 percent stakeholder in Sterling Financial Holdings Company, the parent company of Sterling Bank, following the financial institution’s share dilution in the second quarter

Business News·Top Stories

Mike Adenuga’s Investment In Sterling Bank’s Parent Company Drops By N615m

May 19, 2025

The investment of Mike Adenuga, the founder of Globacom, in Sterling Financial Holdings Company Plc, parent company of Sterling Bank, dropped in the first quarter (Q1) of 2025, according to analysis by

Business News·Top Stories

Sterling Financial Holdings Fined N61m, Records 73% Increase In Net Income

May 8, 2025

Sterling Financial Holdings Company was fined N61 million in 2024, according to its condensed unaudited interim financial statements for the year ended December 31, 2024. The amount is higher than the N29

Business News·Top Stories

Access Holdings, Sterling Among Five Worst-Performing Bank Stocks

April 28, 2025

Out of 13 banks listed on the Nigerian stock market, three recorded a decline in their shareholders’ investment value, while 10 recorded growth in the first quarter (Q1) of 2025. During the

Business News·News

Anger Trails Banks’ Super Profits In The Midst Of Poverty, Spurious Bank Charges

June 18, 2024

Coming across to Nigerians as oases of plenty in a desert of need, Nigerian banks have come under heavy criticism for declaring super profits despite rising inflation and widespread poverty. The outcry

Business News·News

Sterling Bank Partners BuzzFoundation For Community Enrichment Through Ake Arts, Books Festival

November 21, 2023

Sterling Bank, Nigeria’s commercial bank, reaffirmed its collaboration with the Book Buzz Foundation for the 11th installment of the Ake Arts and Books Festival to enrich communities. Scheduled from November 22nd to 24th, 2023,

Business News·News

Shareholders Applaud Sterling HoldCo Performance, Leadership

November 14, 2023

Shareholders of Sterling Financial Holdings Company Plc have commended the board and management of the company for its performance in its operations and earnings

Business News·Finance & Economy·News

Sterling, Union, Fidelity, Others Lose N12.2bn To Electronic Fraud In 6 Months- Interswitch

September 21, 2023

The Nigerian banking industry is reeling from the staggering revelation that it lost a jaw-dropping N12.2 billion to electronic payment fraud in the first half of 2023, according to a report unveiled

Business News·Technology

Sterling Bank Launches Tech-based Solutions For Nigeria’s Education Sector Stakeholders

July 1, 2023

Sterling Bank recently launched Edubanc; an innovative tech-based solution to provide banking and social services for stakeholders in the education sector. The solution aims to improve current learning outcomes and business growth

Sterling Bank, SMEDAN To Create Nigeria's Largest SME Database

Business News

Sterling Bank, SMEDAN To Create SME Database

July 1, 2023

Sterling Bank has signed an agreement with the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a comprehensive database of Small and Medium Scale Enterprises (SMEs) in Nigeria. This

Finance & Economy·News

Sterling Bank Reveals What’s In ‘Qore’ For Nigeria’s Energy, Transportation Sectors

June 26, 2023

Sterling Bank says it has changed the course of Nigeria’s energy and transportation sectors with the launch of its suite of renewable energy-powered transportation solutions – Qore Qore, according to CEO of

Agro-Economy·Business News

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

May 16, 2023

Sterling Bank, in conjunction with the Africa Agriculture and Trade Investment Fund (AATIF), is set to promote environment-friendly agriculture businesses by lending the sum of $15 million to sustainable and renewable energy-powered

Business News

CBN Hits Sterling Bank With N218 million Fine For Unfair Contract Terms, Others

May 3, 2023

The Central Bank of Nigeria (CBN) fined Sterling Bank N218 million for shutting down two branches without approval, amongst other contraventions. Prime Business Africa learnt that Sterling Bank was sanctioned for the

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Business News·News·Top Stories

Banks’ Audited Results: UBA, Zenith Bank, Sterling Bank, Ecobank, Stanbic IBTC – Latest News, Updates

March 31, 2023

PBA brings you the latest news and updates on Nigerian banks and their audited full year results for the year ending December 31, 2022. Below are the banks’ audited results: UBA Announces

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business News·Markets

Stock Market Cap Closes At N29.915 trillion, As Bourse Trades Sideways

March 17, 2023

Nigerian bourse’s capitalisation ended trading on Friday at N29.915 trillion after recording sideways market for some days. The All-Share Index lost 0.22 basis points to close at 54,915.39 ASI, slightly below the

Business News·News

Sterling Bank, Credit Café Sign MoU On Loans To Customers In health, Education Sectors

February 15, 2023

Sterling Bank Plc has signed a partnership agreement with Credit Café Africa for the distribution of a credit facility template, insurance and other value-added services for existing and potential customers of the

Business News·News·Top Stories

Naira Hoarding: Sterling Bank In Fresh Trouble, Faults ICPC’s Arrest Of 2 Staff

February 8, 2023

Few days after Sterling Bank defended allegation of hoarding new N200 notes in the vault of its Ekiti branch office, the bank on the evening of Tuesday February 8, 2023, faced similar

Business News

Sterling Bank Accused Of Hoarding New Naira Notes, Faces CBN Penalty

February 6, 2023

Sterling Bank has been accused by the Central Bank of Nigeria (CBN) of breaching the financial regulator’s directive by hoarding the new Naira banknotes from the public. In a trending video, about

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business News

New Naira: Sterling Bank Contravenes CBN Directive, Zenith Bank, Others Find Way To Avoid Sanction

January 24, 2023

Nigerian banks are in a dilemma due to the threat by the Central Bank of Nigeria (CBN) to sanction banks still dispensing old naira notes. The financial regulator had warned that any

Business News·Markets

Market Cap Gains N13.07 billion, First Bank Sterling Top Trades

December 22, 2022

At the end of trading on Thursday, the Nigerian stock market capitalisation increased by N13.07 billion from the N26.94 trillion it recorded on Wednesday to N26.96 trillion. This was driven by the

News·Business News

Local Content: Sterling Bank Unveils Made-by-Nigerians Platform

December 19, 2022

Sterling Bank Plc has created the Made-by-Nigerians platform as part of its commitment to supporting the growth and development of Nigerian businesses and the economy.

News

Sterling Bank Wins Best Employer Award For Fifth Time

December 9, 2022

Sterling Bank PLC has won the Overall Best Place to Work title for the fifth consecutive year.

Business News

Sterling Bank’s New HoldCo Pits Company Against GTCO, Access Holdings

September 26, 2022

Sterling Bank has established its HoldCo, Sterling Financial Holdings Company Limited, to compete for market share against Guaranty Trust Holding Company, Access Holdings, and other industry rivals. In a statement released on

Business News·Markets

Stock Roundup: Sterling Bank, Fidelity Top Equities, As Investors Trade N12.92 billion Nigerian Stocks

September 3, 2022

Market report from the Nigerian Exchange Limited (NGX) disclosed that over 1.195 billion shares exchanged investors hands in 19,305 deals, worth N12.924 billion, this week. Investors increased their investment on the exchange

Business News·Insights

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