Prime Business Africa
The chief executive officer (CEO) of Sterling Financial Holdings Company Plc, Yemi Odubiyi, has increased his stake in the company from 1.39 percent to 1.71 percent on Monday, December 29.
In a share dealing by an insider document obtained from the Nigerian Exchange (NGX) Limited, Sterling Financial, the parent company of Sterling Bank, said Odubiyi purchased 62 million units of shares on Wednesday, December 24, and 20 million shares on Monday.
Join our WhatsApp ChannelAnother document showed that Odubiyi bought another 62 million units and 20 million units on Wednesday and Monday, respectively.
This brings the total shares acquired by Odubiyi, through Seven Degrees North Limited, to 164 million, valued at N1.15 billion.
Prior to the acquisition, Odubiyi held 729.42 million shares in Sterling Financial as of September 2025, and valued at N5.21 billion as of Tuesday, December 23.
Consequently, Odubiyi’s total shares increased to 893.42 million, worth N6.25 billion.
Also, the company’s non-executive director, Abubakar Suleiman, purchased 82 million units of shares, through Black Rising Ltd, at N578.10 million.
The transaction breakdown showed that Suleiman bought 62 million shares on Wednesday and 20 million shares on Monday.
Before Suleiman made the acquisition, he held 580,31 million shares as of September, valued at N4.14 billion as of December 23.
Following the acquisition, his total shareholding in Sterling Financial increased to 662.31 million shares, worth N4.63 billion, while his stake in the financial institution rose from 1.11 percent to 1.30 percent.
For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: [email protected] and [email protected]
Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
