Sterling Bank CEO Abubakar Suleiman buys extra N168m worth of bank shares

Sterling Bank MD Abubakar Suleiman
Sterling Bank MD, Abubakar Suleiman

Chief executive officer of Sterling Bank Abubakar Suleiman has bought N168 million worth of the shares of Sterling Financial Holdings Company Plc, representing 50 million units.

This was disclosed in a corporate notice on directors dealing which was filed with the Nigerian Exchange Limited on Friday.

The acquisition of 50 million shares represents 0.17% of the company’s total outstanding shares of the company.


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The non-executive director of the HoldCo bought the shares on Thursday at the rate of N3.36 per unit.

In its half-year report, Sterling FHC revealed that Suleiman held directly 0.91 per cent stake in the company amounting to 262,668,608.

With his latest acquisition, the bank’s managing director now has 312,668,608 share units.