Nigeria’s Sterling Bank Plans $400 Million Capital for Expansion

Nigeria’s Sterling Bank Plans $400 Million Capital for Expansion

Sterling Financial Holdings Co. aims to raise $400 million of capital in phases through multiple instruments and currencies to fund the Nigerian lender’s expansion.

Sterling Bank Plans $400m Capital for Expansion

By Adedapo Adesanya Sterling Financial Holdings Company is taking steps to raise $400 million in phases through multiple instruments and currencies as part of its expansion plans. The move is also part of its broader strategy to expand operations and meet new regulatory requirements set by the Central Bank of Nigeria (CBN). According to Bloomberg, […]

Sterling Financial Holdings Approves ₦0.18 Dividend, $400 Million Capital Raise At Second AGM

Sterling Financial Holdings Company Plc has concluded its 2nd Annual General Meeting with key resolutions that strengthen its capital base and position the company for strategic expansion. The meeting, held virtually on July 11, 2025, approved both financial and structural decisions, including a proposed dividend, board changes, and a major capital raise. Dividend and Financial […] The post Sterling Financial Holdings Approves ₦0.18 Dividend, $4…

Sterling Holdings Gets Backing For $400m Capital Raise - InsideBusiness - Business News in Nigeria

Shareholders have backed Sterling Financial Holdings Company Plc in its plan to raise US$400 million (or its Naira or foreign currency equivalent) through a Shelf Programme, aiming to bolster its capital base and drive long-term growth across local and international markets. The green light was given at the company’s 2nd Annual General Meeting, paving the way for a flexible capital-raising initiative through a variety of instruments, including b…