Sterling Financial Holdings Company Plc (“Sterling Financial” or “the Group”) has commenced its approved share capital reconstruction, consolidating every ten existing ordinary shares into one new ordinary share. Following the expansion of its equity base through multiple rounds of capital raises, the exercise is designed to improve capital-structure efficiency, support strategic growth and strengthen the Group’s positioning with institutional and retail investors. Sterling Financial enters this phase following a first half in which profit after tax grew 20.4 percent to ₦50.3 billion on gross earnings of ₦279.6 billion. Total assets…

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