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Sterling Bank Sort Codes Across Nigeria

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Sterling Bank
  • Sort Codes Sterling Bank in Nigeria

A Sort Code identifies both the bank and the branch where an account is domiciled. A sort code is a 9-digit number with the first 3 digits identifying the bank’s code, while the next digit represents the location and the last 5 digits tell the branch.

Below is the complete list of Sterling Bank sort codes and branches across Nigeria.

S/N SORT CODES  BRANCHES
1 232150016 HEAD OFFICE
2 232150029 APAPA (CREEK ROAD)
3 232150032 BALOGUN
4 232150045 ADEOLA HOPEWELL, V.I.
5 232150058 IKEJA (OBA AKRAN)
6 232150061 MARINA
7 232150074 VICTORIA ISLAND
8 232150087 IKEJA
9 232150090 APAPA
10 232150100 OKE ARIN
11 232150113 IDUMOTA
12 232150126 IKEJA (ALLEN AVENUE)
13 232150139 VICTORIA ISLAND
14 232150142 DALEKO
15 232150155 WILLOUGHBY
16 232150168 IDDO
17 232150171 IPONRI
18 232150184 OJUWOYE
19 232150197 IGBOSERE
20 232150207 BROAD STREET
21 232150210 ILUPEJU
22 232150223 COKER
23 232150236 IDIMU
24 232150249 IFAKO
25 232150252 IYANA IPAJA
26 232150265 TIN CAN
27 232150278 OPEBI
28 232150281 OTA
29 232150294 IKOYI
30 232150304 IKEJA
31 232150317 BERGER (APAPA)
32 232150320 MARTINS STREET
33 232150333 APAPA
34 232150346 OKE-ARIN
35 232150359 DOPEMU
36 232150362 TRADE FAIR
37 232150375 MATORI
38 232150388 IDUMAGBO
39 232150391 VICTORIA ISLAND
40 232150401 APAPA
41 232150414 IKEJA
42 232150427 VICTORIA ISLAND (OZUMBA)
43 232110014 KADUNA
44 232110043 KADUNA
45 232100011 ABA
46 232100053 OWERRI
47 232190018 IBADAN
48 232190021 IWO
49 232190034 IBADAN (DUGBE)
50 232190063 IBADAN (J. ALLEN)
51 232120017 KANO
52 232120020 KANO
53 232120033 KANO
54 232120046 KANO
55 232120075 KANO
56 232120143 DUTSE
57 232210011 PORT HARCOURT
58 232210024 PORT HARCOURT
59 232210037 PORT HARCOURT
60 232210040 YENAGOA
61 232210053 PORT HARCOURT
62 232210082 PORT HARCOURT
63 232080018 ABUJA (WUSE)
64 232080021 ABUJA (GARKI)
65 232080034 ABUJA (GARKI)
66 232080047 ABUJA
67 232080050 ABUJA (WUSE)
68 232080092 ABUJA (WUSE)
69 232080102 ABUJA (GARKI)
70 232250013 ONITSHA
71 232250026 ONITSHA
72 232250039 ONITSHA
73 232250110 BRIDGEHEAD
74 232180015 ORE
75 232180028 AKURE
76 232040016 BENIN
77 232250042 ENUGU
78 232040029 ASABA
79 232150456 SURULERE
80 232060012 MAIDUGURI
81 232070015 CALABAR
82 232170012 ABEOKUTA
83 232040032 WARRI
84 232010017 UYO
85 232150443 YABA
86 232200018 JOS
87 232130010 KATSINA
88 232150472 IBRU JETTY
89 232220014 SOKOTO
90 232370016 GUSAU
91 232140013 ILORIN
92 232030013 BAUCHI

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Finance

FG Borrows N2.36 Trillion from Capital Market in 2020

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President Buhari

FG Borrows N2.36 Trillion from Capital Market in 2020

Mr. Oscar Onyema, the Chief Executive Officer, Nigerian Stock Exchange, said the Federal Government borrowed N2.36 trillion from the nation’s capital market in 2020.

The CEO disclosed this at the 2020 market recap/2021 outlook held on Tuesday.

He said the Federal Government issuances account for 92 percent of the total bond issued in the market in the year.

Onyema further explained that corporate organisations leveraged on low yield environment to expand and embark on debt refinancing, raising a total of N192 billion,

Capital-raising activities in the fixed income market increased significantly in 2020. The NSE’s bond market capitalisation rose by 35.52 per cent from N12.92tn in 2019 to N17.50tn,” he said.

Onyema noted that “The year 2020 was indeed a historic one for global capital markets. Facing buffeting headwinds, world markets saw sharp swings and steep losses, but largely remained resilient and orderly amid rising uncertainty.

“For The Exchange, renewed investor optimism coupled with improved economic conditions and low fixed income yields, propelled a year end bull run. Of 93 global equity indices tracked by Bloomberg, the NSE All Share Index emerged the best-performing index in the world, surpassing the S&P 500 (+16.26 per cent), Dow Jones Industrial Index (+7.25 per cent) and other global and African market indexes, to post a one-year return of +50.03 per cent.

Speaking on product results for the year, the CEO said, “The Nigerian equities market got off to a strong start in 2020, returning 10.4 per cent by the eighth trading session. By October, the equities market entered a much-awaited bull run.

“Buoyed by the formal declaration of the US president-elect, unattractive fixed income yields and better-than-expected corporate earnings, the NSE ASI recovered from Q1’20, to close the year at 40,270.72 (+50.03 per cent) and erase losses of -14.90 per cent recorded in 2019.

“During its remarkable year end run, the ASI gained 6.23 per cent in a single trading session which triggered a 30-minute halt of trading on all stocks for the first time since the NSE Circuit Breaker was introduced in 2016 to safeguard market integrity in periods of extraordinary volatility.

“At the close of the year, the NSE’s equity market capitalisation was up by 62.42 per cent, from N12.97tn in 2019 to N21.06tn in 2020 while market turnover saw an uptick of 7.25 per cent, from N0.96tn in 2019 to N1.03Tn in 2020.

“Although Initial Public Offering activity was mute, the value of supplementary issues increased dramatically from 2019, rising by 851.37 per cent to N1.42tn, from N148.77bn.

“Also noteworthy is that for the second consecutive year, equity market transactions were dominated by domestic investors who accounted for 65.28 per cent of market turnover by value (retail: 44.98 per cent; institutional: 55.02 per cent) while foreign portfolio investors accounted for 34.72 per cent.”

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Finance

Airtel to Announce Financial Results for Nine Months Ended December 31, 2020 on 29 January 2021

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Airtel Financial Results

Airtel to Announce Financial Results for Nine Months Ended December 31, 2020 on 29 January 2021

Airtel Africa, one of the leading telecommunications companies in Africa, on Wednesday announced it will report its financial statements for the nine months ended December 31, 2020 on January 29, 2021.

The telecom giant disclosed in a statement signed by Simon O’Hara, Group Company Secretary.

The statement reads “Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, will announce its results for the nine months to 31 December 2020 on 29 January 2021.

“Management will host a conference call on the day of results for analysts and investors at 2:00pm GMT.

“Participants are requested to pre-register for the call by navigating to:
www.diamondpass.net/4467631

“Once registered, participants will receive a calendar invitation with the dial in details for the call.”

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Finance

Global Credit Rating Affirms Sovereign Trust Insurance A Rating

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insurance

Global Credit Rating Affirms Sovereign Trust Insurance A Rating

Global Credit Rating, an international rating agency based in South Africa, has affirmed Sovereign Trust Insurance Plc A rating in its latest report released for the month of December 2020.

In a statement released through the Nigerian Stock Exchange (NSE), Global Credit Rating noted “that the Company has shown a great deal of consistency in her claims paying obligations to her numerous customers spread all over the country.

The Report further stated that “the listing of the Rights Issue in 2019 helped in increasing the Shareholders’ funds of the Company by 33.8%, to N7.8b by the end of the Financial year in 2019 as against the figure of N5.8b in 2018.

“Subsequently, by the third quarter of 2020, the Shareholders’ funds had increased to N8.2b which also translated to a 31% increase in the corresponding period of 2019 with a figure of N6.3b. In the Rating Agency’s opinion, Sovereign Trust Insurance Plc is strong in liquidity with more than adequate claims coverage that compares well to industry averages.

“The capital adequacy of the Underwriting Firm is considered strong according to the rating report and this is underpinned by the sizeable capital base catering for the quantum of insurance and market risks assumed. In this regard, the ratio of Shareholders’ funds to NEP, (Net Earned Premium) improved to 189.2% in the Q3 of 2020 as against 130.9% in the corresponding quarter of 2019.

In terms of peer-to-peer performance comparison, “Sovereign Trust Insurance Plc did very well when compared with other selected insurers in terms of Capital, Total Assets, Gross Premium Income (GPI) and Net Premium Income (NPI).”

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