Business News

Shareholders Approve Sterling Holdings Request for Fresh N200bn

Sterling Holdings

By Aduragbemi Omiyale The request by the board of Sterling Financial Holdings Company Plc to raise fresh N200 billion for the strengthening and positioning the organisation for sustained growth has been approved by shareholders. The authorisation to source the funds was given at the inaugural Annual General Meeting (AGM) of the firm held recently. While addressing investors at the gathering, the chief executive of Sterling Holdings, Mr Yemi Odubiyi, explained that the money would be used to shore the capital base of the company’s flagship banking subsidiary, Sterling Bank, “In line with evolving regulatory standards and the recent introduction of