Nigeria’s SMEs Get AfDB Support Of $50m Via Sterling Bank
The African Development Bank has offered a US$50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium sized enterprises (MSMEs) in strategic sectors, including agriculture, renewable energy and social...
Appetite For CPs Rise As Sterling Bank Raises N35bn
In confirmation of THISDAY last week report that more firms were eying the Commercial Paper (CP) market, Sterling Bank Plc has raised N35 billion from the market under its N100 billion CP programme.
CPs, which are unsecured...
Workers Get N2bn Specta Loan
Just four months after its market entry, Specta, a lending platform powered by Sterling Bank, has advanced consumer loans worth N2bn to salaried workers who are members of the lending platform’s pre-approved community.
The loans were accessed in less than five...
The pace of Islamic banking model in the country is fast gaining momentum, just as the Non-Interest Banking unit of Sterling Bank Plc got a $15 million facility from the Islamic Corporation for the Development of the Private Sector (ICD).
ICD, a multilateral development financial...
Banks have defied the recession as they continued to post huge profits in their third quarter results.
Ten out of 15 quoted banks on the Nigerian Stock Exchange have submitted their unaudited results as of September 2016 where five out of them recorded increases in...
