The Board of Sterling Financial Holdings Company Plc will, at an upcoming annual general meeting (AGM), seek shareholders’ approval to raise up to N200 billion through various methods of share issuance in the Nigerian capital market, subject to regulatory approvals.
This was contained in the group’s notice of the Annual General Meeting signed by Temitayo Adegoke, the company’s Company Secretary sent to the Nigerian Xchange Group (NGX).
This decision reflects the ongoing efforts of banks to strengthen their capital reserves in light of evolving regulatory standards.
