Sterling Financial Holdings Company Plc has commenced the allotment of shares under its 2025 public offer of 12,581,000,000 ordinary shares of 50 kobo each priced at N7.00 per share, after securing approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).
The offer, which opened on September 15, 2025, drew 18,280 applications for 16,839,524,401 shares valued at about N117.88 billion. After verification, 18,276 applications were confirmed valid for 13,812,239,000 shares, representing a subscription level of 109.79 percent.
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