Wallets/sterling-bank-nigeria
Sterling Bank Nigeria
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Key details
- Launch: 1960
Overview
Sterling Bank Nigeria is NGX: STERLINGNG + Nigerian commercial bank + Sterling Financial Holdings parent + one of Nigeria's largest commercial banks + founded 1960 as Nigerian Acceptances Limited then 2006 Sterling Bank consolidation via 5-bank merger 1, Nigeria report.
History
1960 — Nigerian Acceptances Limited founded as Nigerian commercial bank.
2006 — Sterling Bank consolidation via 5-bank merger of Nigerian Acceptances + Magnum Trust Bank + NAL Bank + INMB Investment Bank + Trust Bank of Africa distinctive Nigerian banking consolidation.
2014 — OnePay by Sterling mobile banking app launch.
Ownership & operator
Operating entity: Sterling Bank Plc (Nigerian commercial bank; NGX: STERLINGNG).
Major shareholders: Sterling Financial Holdings parent + Nigerian retail + institutional + foreign investors free float.
Regulators: CBN Central Bank of Nigeria.
Technical integration
OnePay by Sterling mobile app (iOS + Android) + sterling.ng online + Sterling Bank branch network across Nigeria + Sterling Visa + Mastercard + Verve cards; NG IBAN + NIBSS Instant Payments + NQR Nigeria.
Implementations & partners
Major Nigerian banking + payments competitors: Zenith Bank (Zenith Bank; NGX: ZENITHBANK; Nigerian commercial bank) + First Bank of Nigeria (FirstMobile) (First Bank of Nigeria FBN; NGX: FBNH; Nigeria's oldest commercial bank since 1894) + GTBank (Guaranty Trust Bank; GTWorld) (Guaranty Trust Bank GTBank; NGX: GTCO) + Access Bank (Access Bank; NGX: ACCESSCORP; Nigeria's #2 commercial bank by assets) + UBA (United Bank for Africa) (UBA United Bank for Africa; NGX: UBA; Pan-African banking group) + Union Bank of Nigeria (Union Bank of Nigeria UBN; NGX: UBN) + Fidelity Bank Nigeria (Fidelity Bank Nigeria; NGX: FIDELITYBK) + Wema Bank (Wema Bank; NGX: WEMABANK; Nigeria's oldest indigenous commercial bank since May 2 1945) + Ecobank / Ecobank Mobile App (Ecobank Transnational Inc; ETI; Pan-African banking group) + Stanbic IBTC Nigeria / Stanbic IBTC Mobile 3.0 (APPbility) (Stanbic IBTC; NGX: STANBIC; Standard Bank Group Nigerian subsidiary) + OPay (OPay; Nigerian super-app + mobile money) + Kuda Bank (Kuda Bank Nigerian digital bank) + Carbon (Carbon Nigeria digital bank).
Regulators: CBN Central Bank of Nigeria.
Status
Active, NGX:STERLINGNG + Nigerian commercial bank + Sterling Financial Holdings parent + one of Nigeria's largest commercial banks + founded 1960 as Nigerian Acceptances Limited then 2006 Sterling Bank consolidation via 5-bank merger 1, 2.
Sources
- 1 Sterling — official
- 2 Sterling — Wikipedia
- Nigeria report In-corpus:
reports/countries/NG-nigeria.md
Source
Biography extracted from sterling-bank-nigeria.md. See matrix.md for standards-support matrix if present.