# Sterling Bank Nigeria

> Source: https://docs.barcoder.ai/docs/wallets/sterling-bank-nigeria
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Sterling — official](https://www.sterling.ng/)

## 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** <sup>[1][1], [Nigeria report](https://docs.barcoder.ai/docs/payments/NG)</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/zenith-bank) (Zenith Bank; NGX: ZENITHBANK; Nigerian commercial bank) + [First Bank of Nigeria (FirstMobile)](https://docs.barcoder.ai/docs/wallets/first-bank-nigeria) (First Bank of Nigeria FBN; NGX: FBNH; Nigeria's oldest commercial bank since 1894) + [GTBank (Guaranty Trust Bank; GTWorld)](https://docs.barcoder.ai/docs/wallets/gtbank) (Guaranty Trust Bank GTBank; NGX: GTCO) + [Access Bank](https://docs.barcoder.ai/docs/wallets/access-bank) (Access Bank; NGX: ACCESSCORP; Nigeria's #2 commercial bank by assets) + [UBA (United Bank for Africa)](https://docs.barcoder.ai/docs/wallets/uba) (UBA United Bank for Africa; NGX: UBA; Pan-African banking group) + [Union Bank of Nigeria](https://docs.barcoder.ai/docs/wallets/union-bank-nigeria) (Union Bank of Nigeria UBN; NGX: UBN) + [Fidelity Bank Nigeria](https://docs.barcoder.ai/docs/wallets/fidelity-bank-nigeria) (Fidelity Bank Nigeria; NGX: FIDELITYBK) + [Wema Bank](https://docs.barcoder.ai/docs/wallets/wema-bank) (Wema Bank; NGX: WEMABANK; Nigeria's oldest indigenous commercial bank since May 2 1945) + [Ecobank / Ecobank Mobile App](https://docs.barcoder.ai/docs/wallets/ecobank) (Ecobank Transnational Inc; ETI; Pan-African banking group) + [Stanbic IBTC Nigeria / Stanbic IBTC Mobile 3.0 (APPbility)](https://docs.barcoder.ai/docs/wallets/stanbic-ibtc) (Stanbic IBTC; NGX: STANBIC; Standard Bank Group Nigerian subsidiary) + [OPay](https://docs.barcoder.ai/docs/wallets/opay) (OPay; Nigerian super-app + mobile money) + [Kuda Bank](https://docs.barcoder.ai/docs/wallets/kuda-bank) (Kuda Bank Nigerian digital bank) + [Carbon](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.sterling.ng/ "Sterling — official"
[2]: https://en.wikipedia.org/wiki/Sterling_Bank "Sterling — Wikipedia"
[ng-cro]: https://docs.barcoder.ai/docs/payments/NG

- [1] [Sterling — official][1]
- [2] [Sterling — Wikipedia][2]
- <sup>[Nigeria report](https://docs.barcoder.ai/docs/payments/NG)</sup> In-corpus: `reports/countries/NG-nigeria.md`

## Source

Biography extracted from [sterling-bank-nigeria.md](https://docs.barcoder.ai/source/wallets/sterling-bank-nigeria). See `matrix.md` for standards-support matrix if present.