Business

Sterling Bank scraps transfer charges, challenges industry norms

DailyTimesNGR DailyTimesNGR 5 April 2025 0

BY TEMITOPE ADEBAYO In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its

News

Police indict sterling bank over money laundering

DailyTimesNGR DailyTimesNGR 23 January 2025 0

By Msugh Ityokura The Nigeria police, Wednesday indicted Sterling Bank over alleged money laundering, fraudulent deductions and other financial crimes by its staff members. This was contained in a report presented to the House of Representative Committee on Public Petition during the hearing of a petition by Miden Systems Ltd against Sterling Bank, Central Bank […]

ICT

Sterling Bank revolutionizes credential verification with blockchain technology

DailyTimesNGR DailyTimesNGR 11 June 2024 0

BY MOTOLANI OSENI Sterling Bank, a leading financial institution committed to driving innovation and progress, has partnered with the School of Politics, Policy, and Governance (SPPG) to revolutionize credential verification through blockchain technology. This collaboration marks a significant milestone in enhancing the efficiency, security, and accessibility of academic

Business

Sterling Bank kits 5,000 highway managers in Lagos

Ihesiulo Grace 11 June 2020 0

Sterling Bank Plc has donated 5,000 customized reflective uniforms to Lagos State Waste Management Authority (LAWMA) in a bid to make highways managers in Lagos State safe as they work at dawn and dusk to keep the environment safe.Regional Business Executive, Institutional Banking (Lagos region),  Mrs Mojibola Oladunni made the donation to the Acting Managing Director and

Business

Sterling Bank reports decline in PAT by 36.6% in Q1

Ihesiulo Grace 11 May 2020 0

Sterling bank plc has reported 36.3 per cent decline in Profit After Tax (PAT) in its unaudited result and accounts submitted to the Nigerian Stock Exchange (NSE) last week. READ MORE: ‘Living in Bondage’ sequel is coming to Netflix this May The bank reported N2.1billion PAT in the first quarter (Q1) 2020 results as against […]

Business

Sterling Bank introduces palliative measures for customers during lockdown

Ihesiulo Grace 16 April 2020 0

Sterling Bank Plc, has introduced some palliative measures for customers in a bid to cushion the adverse effects of the government ordered lockdown in parts of the country aimed at halting the spread of the dreaded COVID-19. Chief Executive Officer of the bank, Mr Abubakar Suleiman, who disclosed this in a statement today said, “We understand […]

Business

COVID-19 lockdown: Sterling Bank introduces palliative measures for customers

Ihesiulo Grace 14 April 2020 0

Sterling Bank Plc, has introduced some palliative measures for customers in a bid to cushion the adverse effects of the government ordered lockdown in parts of the country aimed at halting the spread of the dreaded COVID-19. READ ALSO: Edo 2020: UPPG chieftain makes case for Esan to produce governor Chief Executive Officer of the bank, […]

News

Sterling bank grows profit to N10.6 bn, declares dividend

Ihesiulo Grace 30 March 2020 0

Sterling Bank Plc, a full-service national bank, has reported an audited profit after tax (PAT) of N10. 6 billion for the year ended December 31, 2019, an increase of 15 per cent when compared to a profit of N9.2 billion reported in the corresponding period of 2018. For the period under review, Sterling bank reported […]

Business

Sterling Bank supports MSMEs with creation of TBH

Ihesiulo Grace 24 February 2020 0

As part of its effort to support and promote Micro Small and Medium Enterprises (MSMEs), Sterling Bank Plc has announced the creation of The Business Hub (TBH) in Lagos. The financial services provider explained that the Business Hub was created in line with the bank’s strategy to create an enabling environment for young people to […]

Business

Sterling Bank now Nigeria’s 3rd best in retail banking – KPMG

Ihesiulo Grace 7 January 2020 0

KPMG Nigeria in its 2019 Nigeria Banking Industry Customer Experience Survey released in Lagos ranked Sterling Bank Plc as the third best retail banking institution in Nigeria. The ranking, which was released recently in Lagos singled out the lender as one of the biggest movers in the banking industry since 2017. KPMG in  its outcome […]

Business

Sterling Bank powered Agriculture Summit Africa begins

Ihesiulo Grace 5 September 2019 0

More than 2000 participants drawn from across Africa will attend Agriculture Summit Africa powered by Sterling Bank in Abuja this week. The top-level summit which brings together agriculture value chains players, policymakers, investors, development agencies, international finance institutions to unlock Africa’s huge agriculture potential holds from September 5th – 6th.

News Politics

Court unfreezes Nwaoboshi’s 11 houses, 22 bank accounts

Ihesiulo Grace 27 August 2019 0

Andrew Orolua – Abuja The Federal High Court in Abuja on Monday set aside its earlier order of forfeiture of 11 houses and 22 bank accounts linked to Senator Peter Nwaoboshi. Justice Taiwo Taiwo vacated the interim forfeiture order made on July 2 while delivering judgment on the application filed by Sen. Nwaoboshi challenging the […]

Entertainment

Eat Drink Festival to hold in Abuja

Ihesiulo Grace 25 May 2019

Mutiat Alli – Lagos Ahead of its sixth edition, organisers of Nigeria’s premier food and drink festival, ”Eat Drink Festival” have revealed that this year’s edition of the festival will hold for the first time in Abuja having successfully executed five editions in Lagos. Aimed at promoting and growing the small scale businesses, the co-founder […]

Business

How we grew total assets to N1.1 trn- Sterling Bank CEO

Ihesiulo Grace 18 April 2018 0

Sterling Bank Plc, has reported an impressive result for the financial year ended December 31, 2017. The results released on the floor of the Nigerian Stock Exchange on Monday showed that profit after tax stood came in at N8.5 billion as against N5.2 billion for the corresponding period of 2016, representing an increase of 65 percent […]

News Nigeria

Kwara Assembly reject Gov. Ahmed’s request for another N1b loan

Ihesiulo Grace 4 April 2018 0

The Kwara House of Assembly on Tuesday stepped down the request of Governor Abdulfatah Ahmed seeking to access another N1 billion agriculture loan from Sterling Bank for disbursement to poultry and fish farmers in the state. It also set aside his request seeking approval for a loan of N400 million to settle the subventions of […]

Business

Sterling Bank takes financial literacy to Imo, hosts 42 Lagos schools

Ihesiulo Grace 18 March 2018 0

*Lender stages financial literacy quiz contest for students in Lagos Sterling Bank Plc yesterday took its financial inclusion drive to the next level with the training of over 20,000 secondary school students nationwide to mark the 2018 edition of the Financial Literacy Day. The lender also staged a quiz competition among students from 42 schools […]

Business

Sterling bank lauds NDIC over quality of bank examination reports

Ihesiulo Grace 20 January 2018 0

Sterling Bank Plc has commended the Nigeria Deposit Insurance Corporation (NDIC) for the quality of their bank examination reports which have contributed to the safety and soundness of the Nigerian banking system. The Management of the bank expressed the opinion during a courtesy call and formal introduction of its new MD/CEO Mr Abubakar Suleiman to […]

Money

Sterling Bank: 128 customers get N12.8m in ongoing promo

Ihesiulo Grace 16 January 2018 0

Sterling Bank has rewarded 128 customers with N100,000 each in its ongoing promo tagged: 1dament at the first general draws held in Lagos. The draws, which held at the Bank’s head office saw two more customers of the bank emerged winners of an all-expense paid trip to watch the first match the Nigeria’s Super Eagles […]

Business

Sterling Bank set to host non-interest banking lecture in Kano

Ihesiulo Grace 12 January 2018 0

In a continuous bid to sensitize the public about Non-Interest Banking, Your one-customer Bank is organizing a one day Public lecture themed: “Reducing Poverty and unemployment through Non-Interest Banking.” The event which is slated for the January 15th, 2018, will take place at the Meena Event Centre, Kano. This is part of the bank’s commitment […]

Business Nigeria

Minister lauds Sterling Bank’s intervention in transport development

Ihesiulo Grace 18 December 2017 0

Minister of Transport Rt Hon. Rotimi Amaechi at the weekend, joined other stakeholders in the transport sector to commend the critical role being played by Sterling Bank Plc in the repositioning of the sector. The minister, who spoke to reporters at the end of the2017 National Conference organised by the Ministry of Transport, commended Sterling […]