Sterling Financial Holdings Company Plc has received the necessary approval from its shareholders to raise $400 million in new capital, aimed at bolstering its capital base and facilitating expansion within Nigeria's financial services sector. This decision was made during the company's third Annual General Meeting (AGM), where shareholders also approved a share consolidation measure. The move is part of Sterling's strategic efforts to enhance its operational capabilities and market presence. The disclosure regarding these approvals was signed by the company's management.
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