Business

Sterling Bank honours Adesanya, bows out after 30 years

Ihesiulo Grace 11 December 2017 0

Sterling Bank Plc celebrated Mr. Lanre Adesanya, Executive Director, Corporate and Institutional Banking, who recently retired from the bank after a 30 years’ journey for his meritorious service. The retirement dinner was graced by directors, senior executives, shareholders, business associates

Money

Sterling Bank clicks best financial inclusion company

Ihesiulo Grace 28 November 2017 0

Sterling Bank Plc has won the best company in financial inclusion award at the SERAs CSR Africa 2017 awards held recently in Lagos. The theme of this year’s edition of the awards is transformation sustainability: From Social Responsibility to Social Impact. The award was received on behalf of the bank by Mr. Olufemi Ojo-Omoniyi, Head, […]

Money

Sterling Bank boosts street cleaning with 600 jackets in Plateau

Ihesiulo Grace 17 November 2017 0

Sterling Bank Plc, on Thursday donated 600 customized reflective uniforms to the Plateau State Environmental Protection & Sanitation Agency (PEPSA) for distribution among its highway sweepers and workers in Jos, Plateau state capital. Business Executive, Sterling Bank (North East), Abbas Yerima, presented the uniforms to the Governor of Plateau State, Simon Lalong, who

Business News

Sterling Bank donates customised uniforms to Ondo waste management workers

Ihesiulo Grace 30 October 2017 0

Sterling Bank Plc has donated 600 customized reflective uniforms to the Ondo State Waste Management Authority (OSWMA) for distribution among highway sweepers and workers working with the agency. The bank also donated kits, brooms, spades, boots and rakes to the waste management authority in fulfillment of its Corporate Social Responsibility (CSR) to the society. Speaking

Business Capital Market

Sterling Bank’s gross earnings up by 19%

Ihesiulo Grace 28 October 2017 0

Sterling Bank Plc, has recorded sustained growth in earnings with 19 percent increase in gross earnings for the third quarter ended 30 September 2017, boosted by 48.9 percent increase in non-interest income. The bank’s gross earnings rose to N94.6 billion during the third quarter ended September 30, 2017 as against N79.7 billion during the corresponding […]

Business News Politics

Sterling Bank: Senator extols intervention in transport sector

Ihesiulo Grace 26 October 2017 0

Temitope Omoniyi Senator Gbenga Ashafa, Chairman, Senate Committee on Land Transport, has commended Sterling Bank Plc for its intervention in Nigeria’s transport sector, saying, such intervention from the private sector is what the transport sector requires to achieve the desired transformation. Senator Ashafa, who stated this at the second edition of the annual conference

Capital Market Economy Health

#DTNalert: Evans Medical goes bust

Ihesiulo Grace 20 October 2017 0

In an unprecedented move for the Health Care Sector, Evans Medical Plc announced on Friday that it has been served an Ex-Parte Order of the Federal High Court. The order gave Skye Bank the rights to takeover the assets of the company which was used as collateral against loans granted to the company. Evans Medical, […]

Business

Why directors’ investments are low in banks

Ihesiulo Grace 11 September 2017 0

Investigations into how well some of Nigerian Bank directors believe in their organization has revealed that quite a number of them have surprisingly low stakes in the banks they head, leaving investors to wonder how ready, they truly are in improving the fortunes of these organizations. In analyzing the financial positions of six of Nigeria’s […]

Money Money

Diamond closes operations over Apapa fire

Ihesiulo Grace 20 July 2017 0

The Management of Diamond Bank and Sterling Bank in separate statement on Wednesday, have confirmed that there was a fire incident as a result of Mob action at their Apapa branch in Lagos State. Diamond Bank, while explaining in a document made available to our correspondent, by the Head, Corporate Communications, Chioma Afe, said the […]

Business

Sterling Bank renews commitment to environmental sustainability

Ihesiulo Grace 26 April 2017 0

Sterling Bank has stated its renewed commitment to invest in environmental sustainability as Nigeria joined the rest of the world to celebrate the 2017 edition of the Earth Week last weekend. The initiative will last for one week. First celebrated in 1970, Earth Day events is celebrated in more than 193 countries and is now […]

News

Buhari extols Sterling Bank’s health support initiative

Ihesiulo Grace 12 January 2017 0

President Muhammadu Buhari has commended Sterling Bank for supporting the administration’s initiative to provide qualitative and affordable health services to Nigerians through a strategic partnership with the Ministry of Health.   Such partnership, according to the president, would serve as an enabler for the Health Ministry to achieve its goal of revamping the

Business Money

Sterling Bank splashes N80m on customers in cash reward promo

Ihesiulo Grace 11 January 2017 0

Sterling Bank recently made 12 of its customers millionaires with a total amount of N80million in its cash reward promo.   Other winners also emerged in other categories of the promo with a total payout of N80 million. The New Sterling Plus is a new proposition for the retail segment of the market.   According […]

Business Money

Sterling Bank partners BoI in N140b GEEP programme

Ihesiulo Grace 27 December 2016 0

Succour has come the way of micro business owners – market women, traders, artisans and farmers as Sterling Bank, partners the Bank of Industry (BoI) for the pilot phase of the N140 billion Government Enterprise Empowerment Program (GEEP).     The programme is targeted at over 16 million beneficiaries to foster financial inclusion and economic […]

Business Capital Market

Sterling Bank strengthens Core Business, improves Asset Quality in Q3

Ihesiulo Grace 28 October 2016 0

Sterling Bank Plc continued to build on the efficiency, quality and profitability of its core banking business as the latest earnings report released at the weekend showed considerable improvements in key underlying fundamentals of the commercial bank. The nine-month report for the third quarter ended September 30, 2016 released at the Nigerian Stock Exchange (NSE) […]

News

Sterling Bank Projects Expansion, Fresh $150m Capital

Ihesiulo Grace 12 May 2015 0

Sterling Bank has said it plans to raise between $100million (N20billion) and $150millon (N30biilion) in Tier 2 capital this year to fund its expansion plans. The Bank’s Chief Financial Officer (CFO)/Executive Director, Mr. Abubakar Suleiman, disclosed this at an interactive session with Business Editors in Lagos recently. He explained that the Bank was on track […]

Banking Business

Despite Economic Headwinds Sterling Bank Sees Sustainable Growth

Ihesiulo Grace 1 May 2015 0

Sterling Bank Plc has posted an impressive 15.4 per cent Profit Before Tax (PBT) of N10.7 billion in a year (2014) described by not a few analysts as tough for the financial sector and has pledged to sustain its growth trend in 2015 despite foreseeable headwinds in the first three quarters. In his address to […]