Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in line with the Central Bank of Nigeria’s (CBN) revised minimum capital requirements, following final regulatory approvals received in January 2026. The capital-raising programme itself was substantially completed between December 2024 and October 2025, positioning the Group well ahead of the 2026 industry deadline. In December 2024, the Group completed a ₦75 billion Private Placement, raising ₦73.86 billion in net proceeds. Of this amount, ₦68.8 billion was allocated…
Read MoreSTERLING HOLDCO CONFIRMS FULL RECAPITALISATION OF TWO BANKING SUBSIDIARIES; SETS BENCHMARK FOR STRATEGIC GROWTH
