Abubakar Suleiman purchases 19.6 million British Sterling shares, totalling N160.6 million, participates in three stock transactions during August
In a notable development, Sterling Financial Holdings, a leading Nigerian financial institution, has seen an influx of investments in the first half of 2025.
Abubakar Suleiman, a non-executive director at the company, made a significant purchase of 19,684,442 share units valued at N160.6 million. Before this acquisition, Suleiman held 580.3 million units, representing 1.11% of the company's share capital. The units were purchased on August 6, 2025, at N8.16 per share. With the latest acquisition, Suleiman's total shareholding now stands at 600 million units, representing 1.15% of the company's share capital.
Meanwhile, another director, Mr. Yemi Odubiyi, holds the largest shareholding with 707.9 million units or 1.36%.
Temitayo Adegoke, the Chief Operating Officer, also joined the list of investors, acquiring 5.7 million shares worth N39.4 million.
In addition to these investments, Seven Degrees North Limited made an indirect purchase of 20.8 million units valued at N141.5 million.
The investments appear to have paid off, as Sterling Financial Holdings delivered a strong first-half performance in 2025. The pre-tax profit rose to N45.5 billion, a notable increase from previous periods.
Interestingly, interest income climbed 38.29% to N167.1 billion. This surge was largely driven by loans and advances to customers, which contributed N115.4 billion to the total.
However, no relevant information about Abubakar Suleiman before his acquisition of shares in Sterling Financial Holdings could be found in the provided search results.
The transaction identification code for Suleiman's purchase is NGSTERLNHCO9.
These developments underscore the confidence investors have in Sterling Financial Holdings and its potential for growth in the Nigerian financial sector.
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