The Nigeria’s leading financial institution, Sterling Bank Plc, has reiterated its determination to empower and energise the creative industry because of its strategic importance to the economic growth of Nigeria. Head of Media and Entertainment Financing at Sterling Bank, Mr. Olanrewaju Olalusi, disclosed this in Lagos over the weekend while addressing participants at a seminar organised by the Legends of Read More
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 bank in the health and education sectors of the economy. Speaking at the signing ceremony of the Memorandum of Understanding (MoU) between Sterling Bank and the digital lending Read More
Amid allegations that Sterling Bank hoarded new Naira notes which dragged the Bank’s reputation into negative light among its customers, investors are dumping its shares in the stock market Sterling Bank suffering investor apathy has caused shareholders of the company to lose 7.36 per cent of their investment in the firm led by Abubakar Suleiman. This indicates shareholders with investment Read More
Sterling Bank, has released information disproving claims made by the Independent Corrupt Practices Commission (ICPC) over the newly designed Naira notes at its Central Business District (CBD) Complex in Abuja. A statement signed by the lender’s Chief Operating Officer, Raheem Owodeyi, stated, Sterling Bank submitted that “This report is developed for the purpose of providing the true representation of events Read More
A full service National Commercial Bank in Nigeria, Sterling Bank PLC has been recognized by the International Tourism Practitioners in Nigeria, for its creativity, hospitality and actively supporting Tourism. The award was received by the Managing Director, Sterling Bank Plc, Executive Director Raheem Owodeyi, as well as the Head, Tourism and Creative Sector, Abiola Adelana, at sterling bank Head office Read More
Sterling Bank Plc, Nigeria’s leading financial institution, has partnered with the Lagos Chamber of Commerce and Industry (LCCI) to organise the Chamber’s 2022 Secondary Schools Essay Competition. The competition has as its theme: “The role of Fintech in Shaping Entrepreneurship for National Development.” The competition, which was took place in Lagos saw Master Nwomuma Wisdom winning the first prize of Read More
Sterling bank plc has disclosed plans to partner with Microsoft, Nestle and others to hold a $1 trillion agricultural summit. Investors King learnt that a number of reputable firms such as Sterling bank, Microsoft, Nestle, GIZ, Thrive Agric, Leadway Assurance and Stears Data among others will team up to hold an agricultural summit that will discuss a potential $1 trillion Read More
Sterling Bank Plc will assume a new name after receiving shareholders’ approval to convert from a core banking business to a holding company, setting it up for the opportunity to gain controlling stake in companies where it currently holds substantial interest. The lender will become known as Sterling Financial Holdings Company when the transition is delivered, according to a regulatory Read More
Sterling Bank Plc, Nigeria’s leading commercial bank, has launched a one-stop digital solution for all corporate credit solutions, particularly for business and corporate enterprises. The new product, known as Gazelle, is a versatile digital loan application system that provides corporate customers with a more innovative way to finance their business. According to the Managing Director and Chief Executive Officer (MD/CEO) Read More
Sterling Bank Plc has introduced virtual cards for existing and prospective OneBank customers free of charge to enable them to make easy and fast local or international payments on sites like Netflix and Apple as well as shop on sites like Amazon, among others. Chief Digital Officer with Sterling Bank, Mr. Olayinka Oni, who disclosed this in a statement issued Read More
Sterling Bank Plc has successfully raised $25.5 million from BlueOrchard Finance Ltd (BlueOrchard) managed funds, to grow the health, education, agribusiness, renewable energy, and transportation sectors of the Nigerian economy. The deal was structured by Alpen Capital. The Bank in a statement said the fund has been secured as a multi-credit on-lending facility to expand the Bank’s financial interventions in Read More
Sterling Bank Plc has collaborated with the Lagos State Residents Registration Agency (LASRRA) as the pioneer partner for the first three million issuances of the newly upgraded Lagos State Resident Identity Card (LAG ID Card), which was recently launched and unveiled by the Lagos State Governor, Mr. Babajide Sanwo-Olu. Sanwo-Olu, in his address, said that “This relaunch is particularly significant Read More
Sterling Bank Plc, Nigeria’s leading commercial bank, has won the Best Participating Financial Institution under the National Farmer of the Year 2021 Award of the Agricultural Credit Guarantee Scheme Fund (ACGSF) of the Central Bank of Nigeria (CBN) at the National Award ceremony held in Abuja over the weekend. In a letter informing the bank of the award, Secretary to Read More
Sterling Bank Plc has signed a partnership agreement with the Anambra State Government, Coordinator Wholesale Centre (CWC), and Feroville to build a new international drug market in Oba in the Idemili South Local Government Area of the state. Under the arrangement, Sterling Bank will serve as the sole financier for the construction of the project, and upon completion, traders at Read More
Sterling Bank Managing Director, Abubakar Suleiman, and three other executive directors at the financial institution, Raheem Owodeyi, Tunde Adeola and Yemi Odubiyi engaged in share dealings last week. The four executives traded about N42.36 million worth of shares, amid Sterling Bank‘s depreciation in the Nigerian stock market, having suffered -24% depreciation in the bourse, as investors stayed away from the Read More
Sterling Bank Plc, a full service national commercial bank, has reported a 20.2 percent growth in its profits for the fiscal year ended December 31, 2021. The bank, also reported a net profit of N13.5 billion on gross earnings of N142.3 billion compared to a net profit of N11.2 billion on gross earnings of N135.8 billion in the corresponding period Read More
Sterling Bank Plc, Nigeria’s leading commercial bank, has entered into partnership with Community Pot, a social impact project, to launch a pilot project in Lagos to feed 500 malnourished children across Nigeria. Speaking at the launching of the project with the theme: Adopt a Child to Recovery, Mrs. Chief Executive Officer (CEO) of Sterling One Foundation, Mrs. Olapeju Ibekwe, said Read More
Sterling Bank Plc, Nigeria’s leading commercial bank, has entered into partnership with Community Pot, a social impact project, to launch a pilot project in Lagos to feed 500 malnourished children across Nigeria. Speaking at the launching of the project with the theme: Adopt a Child to Recovery, Mrs. Chief Executive Officer (CEO) of Sterling One Foundation, Mrs. Olapeju Ibekwe, said Read More
Sterling Bank Plc, has signed a Memorandum of Understanding (MoU) with D Kings Men Media (DKM) Limited as part of its commitment to the development of the creative industry in Nigeria. Sterling Bank’s Head of Creative Industries Financing, Mr. Olanrewaju Olalusi, said in a statement said that the partnership “is designed to forge a strategic collaboration which would, among other Read More
Sterling Bank Plc, Nigeria’s leading commercial bank, has signed a Memorandum of Understanding (MoU) with D Kings Men Media (DKM) Limited as part of its commitment to the development of the creative industry in Nigeria. Sterling Bank’s Head of Creative Industries Financing, Mr. Olanrewaju Olalusi, said in a statement said that the partnership “is designed to forge a strategic collaboration Read More
As part of its commitment to create a cleaner and safer environment for the citizenry and aquatic life under its Corporate Social Responsibility (CSR) initiative known as Sterling Bank Environmental Makeover (STEM), Sterling Bank Plc has recently carried out environmental cleaning exercises in 23 states across Nigeria. The cleaning up exercises involved cleaning of markets, roads and beaches to commemorate Read More
Sterling Bank Plc, Nigeria’s leading commercial bank has won the Tourism Bank of the Year Award at the ATQ News awards. The Regional Business Executive, Abiodun Tomomero, who disclosed this in a statement issued in Lagos said the Bank received the recognition based on its role in the launching of a tourism masterplan by a state government in Nigeria, the Read More
Sterling Bank Plc, Nigeria’s leading commercial bank, has awarded its HEART Fellowship to five lucky tech founders to enable them to participate in the Founder Institute (FI) Lagos Spring Virtual 2022 Cohort. The recipients: Sikiru Salau, Olivia Chukwu, Charles Matthews, Maryann Efiong, and Michael Ayodele have each received a scholarship worth One Thousand Dollars ($1,000.00) to cover the cost of Read More
Sterling Bank Plc, Nigeria’s leading commercial bank, is set to extend credit facilities worth N1 billion to businesses founded by women across the country with a free interest rate for the first 30 days. Managing Director and Chief Executive Officer (MD/CEO) of the bank, Mr. Abubakar Suleiman disclosed this while presenting the keynote address at the 5th edition of the Read More
Bayelsa State Government has partnered with Sterling Bank Plc, Zipline, a global leader in instant logistics, Drugstoc and Health Spaces to implement a transformation agenda in the state’s healthcare system under a Health Supply Chain Consortium. According to the memorandum of understanding (MoU), the Health Supply Chain Consortium will invest in the transformation of Bayelsa State healthcare supply chain by Read More
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