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Barely three years ago, Nigeria’s challenger bank, Sterling Bank Plc, was named Africa’s most agile company by the World Agility Forum. It nicked the highly coveted laurel for its exemplary application of agile processes and game-changing strides that is redefining financial technology in the country.
In its portfolio are solutions that transformed, digitized, simplified, and democratised investments in treasury bills; telemedicine app that predates COVID-19 outbreak and a biobank, as well as digital lending and digital credit solutions that have disbursed over N105 billion in loans in 36 months. These and more were driven by Sterling’s three-pronged strategic pillars of agility, digitisation, and specialisation; which is about using tech-enabled solutions to solve complex problems at scale.
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Published 2 May 2021
Ten of Nigeria’s commercial banks posted stock losses in the first three months of this year as N187.81bn was wiped off their combined market capitalisation, an analysis of data from the Nigerian Exchange Limited showed.
The affected banks are United Bank for Africa Plc, Zenith Bank Plc, Access Bank Plc, Ecobank Transnational Incorporated, Union Bank of Nigeria Plc, Fidelity Bank Plc, Wema Bank Plc, FCMB Group Plc and Jaiz Bank.
Four banks, namely FBN Holdings Plc, Guaranty Trust Bank Plc, Stanbic IBTC Holding Plc, and Unity Bank Plc saw their market value increase in Q1.
Sequel to the multi-city beach cleanup exercise initiated by the Managing Director and Chief Executive Officer of Sterling Bank Plc, Mr. Abubakar Suleiman, members of the initiativeâs board of governance, environmental groups, volunteers, and the media flagged off the project at Alpha Beach in Lagos recently.
Speaking at the flag off, Mrs. Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation, said the event was a beach adoption initiative that will empower the youths and women in coastal communities. The initiative will also provide alternative source of income for the communities and ensure that the beach gets cleaned every week for the next one year at the minimum.
Sterling Bank CEO, environmental groups flag off multi-city beach cleanup in Nigeria tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
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