Nigeria: Sterling Financial Holdings Confirms Full Recapitalisation of Banking Subsidiaries

Nigeria: Sterling Financial Holdings Confirms Full Recapitalisation of Banking Subsidiaries

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.

Sterling Bank, AltBank Meet Full Recapitalisation After N153bn Injection

By Modupe Gbadeyanka The banking subsidiaries of Sterling Financial Holdings Company Plc, Sterling Bank and The Alternative Bank (AltBank), have met the full recapitalisation requirements of the Central Bank of Nigeria (CBN). The chief executive of Sterling Holdings, Mr Yemi Odubiyi, said the recapitalisation strengthens the group’s ability to support economic activity while maintaining financial […]

Sterling HoldCo Recapitalises Two Banking Subsidiaries

Ahead of the March 2026 deadline for recapitalisation of banking operators, Sterling Financial Holdings Company Plc (Sterling Holdco) has injected a total of ₦153 billion into Sterling Bank and The Alternative Bank, bringing both institutions into full compliance with the revised capital requirements of the Central Bank of Nigeria (CBN). The banking regulator had in 2023 ordered operators in the industry to raise their capitalisation by March 20…