Sterling Holdings Commences N88.1bn Public Offer

By Aduragbemi Omiyale

Subscription for the N88.1 billion public offer of Sterling Financial Holdings Company Plc has commenced, Business Post reports.

The exercise began on Wednesday, September 17, 2025, and will close on Tuesday, September 30, 2025, according to details from the company.

The organisation is offering 12,581,000,000 ordinary shares at a fixed price of N7.00 per units to interested investors.

Proceeds from the public offer would be used for three specific purposes, with 50.04 per cent amounting to N43.0 billion for the recapitalisation of the company’s banking subsidiary, Sterling Bank Limited; 11.64 per cent amounting to N10.0 billion for boost the wealth management services arm of the business known as SterlingFi; and 38.33 per cent (about N32.9 billion) for strategic expansion opportunities.

The minimum application is 1,000 shares and multiples of 1,000 shares thereafter, with applicants required to pay for the offer equities in full and in the subscription currency at the time of submission of the application.

Sterling Holdings continues to innovate with a broad range of digital products and services while maintaining a strong physical presence across all states in Nigeria.

Its success is driven by a highly experienced management team, with over 170 years of combined expertise in financial services and technology.

The firm is a leading provider of banking and financial services to corporate and individual clients through its subsidiaries. With over 64 years of experience, it has grown from its merchant banking roots, established in 1960, into a robust financial holding company with three subsidiaries of Sterling Bank, The Alternative Bank (a specialized non-interest bank) and SterlingFi.