In a bid to further enhance retail lending, Sterling Bank through its ‘Specta’ product said it targets to give out loans to the tune of ₦40 billion in 2019. The bank also disclosed that it would be extending facilities to non -customers, self-employed and business owner. Speaking at a press briefing at the weekend, the […]
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The Nigerian Stock Exchange has sanctioned eight banks with fines totalling ₦102.7 million for failing to file their financial statements at the regulatory date. The Exchange launched its new sanction regime for the delay in submission of companies’ results on January 1, 2018, saying companies might pay fines ranging from ₦100, 000 to more than […]
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MTN Nigeria has partnered with PayJoy, a Silicon Valley-based technology company, TD Mobile and Sterling Bank to unveil a revolutionary technology-driven device financing scheme. The scheme would enable Nigerians from all walks of life own high-end devices by paying at flexible instalments. The official launch of the scheme was held in Lagos recently. In attendance […]
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The staff and students of Owerri Girls Secondary School in Imo State were full of excitement recently as Sterling Bank Plc marked the 2018 World Savings Day in the school. At the ceremony, students were taught on the need to inculcate the habit of savings against the rainy day. Managing Director/Chief Executive Officer of the […]
Read More Sterling Bank Plc has announced the appointment of Mrs. Folasade Kilaso and Mr Michael Ajukwu to its Board of Directors. According to a statement, Kilaso was appointed to the board as a non-executive director, while Ajukwu joined as an independent director in June following the approval of the Central Bank of Nigeria. The Chairman, Board […]
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The Nigerian Stock Exchange (NSE) has sanctioned some banks along other listed companies on the exchange for failing to meet the deadline for the submission of their audited report and accounts for last year. The list of the affected listed companies indicated that FBN Holdings Plc – the holding company for First Bank of Nigeria […]
Read More Nigerian consumers are set to witness a ground-breaking system of accessing loan facilities as Sterling Bank Plc has announced the launch of Specta, an online instant lending platform that offers consumer loans up to ₦5 million in five minutes. The product was unveiled to the media at a well-attended press parley in Lagos on Thursday, […]
Read More Sterling Bank Plc recorded strong growths in the top-line and bottom-line in 2017 as the commercial bank rode on the back of widening income sources and improving operating efficiency to increase net earnings by 65 per cent. Key extracts of the audited report and accounts of Sterling Bank for the year ended December 31, 2017 […]
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Sterling Bank Plc today appointed Abubakar Suleiman as its new Managing Director/ Chief Executive Officer (CEO). The new bank chief was before his appointment, the bank’s Executive Director, Finance & Strategy, a role he has served in since May 2012. The lender also announced that its founding Director and long-serving CEO, Yemi Adeola, has notified […]
Read More Sterling Bank Plc says it is hosting a lecture on non-interest banking as part of its continuous bid to sensitise the public about opportunities in various financing options. Themed “Reducing poverty and unemployment through non-interest banking”, the event will take place in Kano on January 15, according to a statement by the lender. “This is […]
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THE Nigerian Stock Exchange (NSE) is expected to move Sterling Bank Plc, Diamond Bank and three other stocks to the top index of 30 most capitalised stocks in the forthcoming review of the stock market’s indices. The NSE is expected to review the six group indices that track performance of some groups of stocks at […]
Read More Sterling Bank Plc, has won the Best Bank in Support of Agriculture Award at the BusinessDay Banking Awards 2017 held at the weekend in Lagos. The award is in recognition of Sterling Bank’s peerless support to the entire value chain in the agriculture sector of the economy. The awards, organised by BusinessDay Nigeria, is regarded […]
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