Sterling Financial defies market sell-off as investors back N50bn half-year profit - Businessday NG

Sterling Financial defies market sell-off as investors back N50bn half-year profit - Businessday NG

Sterling Financial reported N50.3bn half-year profit with 31.5% earnings growth and N3.62tn deposits after completing N96.6bn capital raise. Nigerian banking consolidation follows regulatory recapitalization mandate; drivers remain traditional funding and compliance, not technology differentiation.