Sterling Financial HoldCo Secures CBN Approval for Additional N75bn Capital Injection [Video]

• Sterling HoldCo has received CBN approval for its capital raise via private placement and Rights issue
• The company also received approval to implement a public offering planned for 2025 to raise capital
• Sterling HoldCo posted a 51% profit increase in H1 2024, 20% asset growth, and a 19% stock price surge in December

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Sterling Financial Holdings Company Plc has received approval from the Central Bank of Nigeria (CBN) to implement a public offering in 2025.

The approval is an important development for the company in its efforts to meet the apex bank’s new capital threshold.

The CBN approval was announced in a statement on Friday, December 27.

How Sterling bank plans to meet capital requirements

Sterling Bank first announced a capital injection …