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Cocoa hits largest weekly gain in 24 years at $6,470 as Nigeria's supply drops

High fuel costs disallow cocoa processors amid price

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Cocoa hits largest weekly gain in 24 years at $6,470 as Nigeria's supply drops

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Tag: Sterling Bank

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
Banking featured

Sterling Bank’s zero transfers saves Nigerians ₦2bn in fees

Sterling Bank is marking one year since it broke from industry norms by introducing its Zero Transfer Fees policy. The initiative has returned over N2 billion directly to customers and has fundamentally reshaped the cost of everyday banking across Nigeria. Launched on April 1, 2025, the policy eliminated transfer charges on the bank’s digital platform, […]

Conferences

Sterling Bank hosts summit to unlock Nigeria’s transport, logistics potential

Stakeholders including industry leaders, policymakers, financiers and innovators converged at the inaugural Nigeria Transport & Logistics Summit 2026 hosted by Sterling Bank at Eko Hotel & Suites in Lagos. The gathering charted a clear way forward towards improving Nigeria’s transport and logistics sector by proposing actionable strategies for building a faster, more connected nation through […]

Banking

Sterling CEO Yemi Odubiyi buys ₦578.1m shares via investment firm

Sterling Financial Holdings Company Plc has announced that Seven Degrees North Limited, a private investment firm associated with its chief executive officer, Yemi Odubiyi, acquired shares valued at ₦578.1 million. The disclosure to the Nigerian Exchange stated that 82 million ordinary shares were bought at ₦7.05 per share on the NGX trading floor in Lagos. […]

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
Banking featured

Sterling Bank removes account maintenance fees

Sterling Bank has announced the removal of account maintenance fees on all personal accounts, calling it a “gift” to Nigerians as the country celebrates its 65th Independence Day. This move comes just six months after the bank scrapped transfer fees on local online transactions. According to Sterling Bank’s Managing Director, Abubakar Suleiman, the decision aims […]

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
News

Sterling Bank pauses ₦6 SMS alert fee to ease customer burden

In a show of support for its customers, Sterling Bank has announced it will absorb the recently introduced ₦6 SMS alert fee for the next 60 days, shielding customers from the impact of rising telecom tariffs. The move follows the Nigerian Communications Commission’s approval of a 50% increase in SMS charges by telecom operators, which […]

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
Banking

Sterling Bank offers Lagosians free rides

Sterling Bank has once again redefined corporate citizenship by launching an unexpected initiative in Lagos. Following the success of its Zero Transfer Fees campaign, the bank surprised commuters last week with free bus rides home, offering a thoughtful gesture to regular Lagosians after their long workdays, according to the statement on Tuesday. What began as […]

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
News

Sterling Bank raises salaries again amid intense talent war in banking sector

Sterling Bank has announced a significant salary increase for its over 3,000 employees, with entry-level staff—executive trainees—now earning a net monthly salary of ₦528,000, up from around ₦320,000. This represents a pay rise of more than 35% across multiple roles, following a modest 7% salary adjustment in January that left many employees dissatisfied. The move […]

Sterling Bank increases salaries by 7%
News

Sterling Bank increases salaries by 7%,

Sterling Bank has implemented a salary raise for its over 3,000 employees to address the rising cost of living and inflation. Sources confirm the adjustment, approximately 7%, was announced via an internal memo in early January 2025. This development aligns with a broader trend in Nigeria’s banking sector, where institutions are reviewing compensation structures to […]

Business

Sterling Bank, SMEDAN partner to launch data platform

Sterling Bank and the Small and Medium Enterprises Development Agency of Nigeria have developed Databanc, a website that provides data on Nigerian businesses as well as a single-digit loan scheme worth N5 billion. This disclosure was made in a statement by the bank on Wednesday stating that Databank delivers insights that will be used by […]

SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses
News

SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses

The Small and Medium Enterprises Development Agency of Nigeria and Sterling Bank Ltd. have launched Databanc, a N5 billion program to help small enterprises bridge financial gaps. This was disclosed on Monday by SMEDAN’s at the event themed “Building with Data: Promoting Economic Growth through Data-Driven Insights,” according to Nairametrics. The program, which aims to […]

Sterling GMD, directors acquire N514m new shares
Banking

Sterling GMD, directors acquire N514m new shares

The Sterling Financial Holdings Company Limited’s directors have persisted in buying up their shares, demonstrating their belief in the financial institution’s ability to survive. The Punch reported that the most recent insider trading transactions made by four of the Holding Company’s directors, including the  Group Managing Director and Chief Executive Officer of Sterling Financial Holdings Company Plc, […]

Odubiyi acquires 100m shares of Sterling Holdco
Banking

Odubiyi acquires 100m shares of Sterling Holdco

The Group CEO of Sterling Financial Holdings Company Plc, Yemi Odubiyi, has acquired an additional 100 million shares in the company worth N354 million. This information can be found in a notice of director’s dealings sent to the Nigerian Exchange Limited and signed by company secretary Temitayo Adegoke. 100 million shares were purchased, or 0.35 percent […]

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